Industry plays down China’s demand for US LNG

Last week’s agreement between the US and China has paved the way for increasing LNG trade between the two countries, but a boom in US exports is not expected anytime soon Last week’s agreement between the US and China has paved the way for increasing LNG trade between the two countries, but a boom in US exports is not expected anytime soon.
By Colin Shek and Tang Tian 17 May 2017 0 25939
Tianjin LNG terminal. China has received a total of nine cargoes from the US so far. (CNOOC)

Chinese LNG importers have played down expectations of a surge in exports to China from the United States in the near term, following last week’s deal to promote LNG as a cornerstone of trade between the world’s biggest economies.

“My feeling is [imports will increase] after 2025,” Chen Bo, president of Unipec, the trading arm of state-owned Sinopec, told Interfax Natural Gas Daily on Wednesday on the sidelines of the China LNG & Gas International Summit in Beijing. The earliest Chinese companies will consider buying long-term...

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