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Policy & Regulation

Tariff hike leaves US-China LNG trade dead in the water

With no end to the US-China trade talks in sight, American access to the fastest-growing major LNG market will be curtailed for the foreseeable future With no end to the US-China trade talks in sight, American access to the fastest-growing major LNG market will be curtailed for the foreseeable future.
By Colin Shek 16 May 2019 Asia Pacific / LNG 0 34227
ENN's Zhoushan terminal in China. (ENN)

The increase in Chinese tariffs on LNG imports from the United States effectively spells the end of LNG trading between the two countries, which had already slumped in the wake of Beijing’s first round of duties imposed eight months ago.

Chinese tariffs on US LNG imports will more than double on 1 June, rising from the current 10% to 25% as part of additional levies on $60 billion worth of products imported from the US, China’s Ministry of Finance said on Monday.

Chinese importers...