LNG

Operators in the LNG business are assessing the possible impact of the US Defense Department’s blacklisting of China National Offshore Oil Corp., the nation’s largest LNG importer, to its list of alleged “Communist Chinese military companies”, causing CNOOC shares to drop and further raising US-China trade tensions.

China National Offshore Oil Corp. (CNOOC), a large holder of Chinese LNG import capacity, raised its year-to-date domestic natural gas production to 311.3 billion cubic feet from 250.6 Bcf in the same nine-month period last year as the nation overhauls the ownership structure of its terminals and pipeline system, offering third-party access.