LNG

One US LNG cargo reached China on 16 July, the first in seventeen months, but it may never be imported. Our tracking shows the Al Fat'h diverted from Huizhou, an ordinary customs berth, to bonded Yangpu, where a cargo can wait, clear customs, or leave again with duty never falling due. Which of those happens is not yet knowable, and Beijing's tariff on US LNG still stands.

China has begun building a liquefied natural gas import terminal at Huizhou City in the southern province of Guangdong as part of a large petrochemicals complex that could include investments from international energy companies.