Signs of Higher US LNG Exports to China

Wednesday, 11 November 2020

Presumably induced by strong market incentives – including a healthy price spread in favour of importers and an infrastructure access reform – Chinese gas importer Foran Energy Group and US LNG player Cheniere have signed an agreement for 26 cargoes to be delivered over four years starting in 2021. Originally to a healthy start in 2018, US LNG exports to China have been hampered by a protracted trade dispute between the two countries. China has since waived tariffs on US LNG, reopening the door to US cargoes as its gas demand continues to grow. However, US foreign policy is likely to remain ‘tough on China’.

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