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Project Insights

Chinese buyers leave US LNG developers empty-handed

US project developers could not entice Chinese buyers into new supply deals at LNG2019 in Shanghai last week, and the impasse is likely to persist while US and Chinese negotiators work on a trade agreement US project developers could not entice Chinese buyers into new supply deals at LNG2019 in Shanghai last week, and the impasse is likely to persist while US and Chinese negotiators work on a trade agreement.
By Colin Shek 8 April 2019 Asia Pacific / LNG 0 34113
CNOOC's Dapeng LNG terminal. (GDLNG)

The flurry of commercial activity by developers of United States LNG export projects at last week’s LNG2019 conference in Shanghai shows they are working hard at maintaining momentum towards FIDs this year. But they were left empty-handed when it came to potential deals with Chinese buyers, with US-China trade tensions continuing to cast a shadow over LNG.

NextDecade and Tellurian, frontrunners in the crowded ‘second wave’ of US export projects, announced binding contracts and tentative agreements that broke new industry ground. But conspicuously...