日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Analysts: Tariffs price US out of LNG market

By May Zhou in Houston | China Daily USA | Updated: 2018-09-20 00:18
Share
Share - WeChat
A liquefi ed natural gas (LNG) storage facility of the ENN Group Co under construction in Baoding, Hebei province, China, last December. [Photo/REUTERS]

China’s tariff on exports of US liquefied natural gas (LNG) will price the US out of the Chinese market and cause a reshuffling of the global market, according to industry leaders and experts.

China announced on Tuesday retaliatory tariffs on an additional $60 billion worth of US imports, including a 10 percent tariff on LNG, effective Sept 24, and an increase to 25 percent by Jan1.

China’s announcement came after the US said on Monday it would implement a 10 percent tariff on an additional $200 billion worth of Chinese imports on Sept 24.

Charlie Riedl, executive director at the Washington-based Center for Liquefied Natural Gas (CLNG), said in a statement that “certainty is key for the US LNG industry, where timelines are years long and investments are worth billions, and these tariffs cause serious uncertainty.”

“These tariffs have the power to price US LNG out of the Chinese market, the second largest LNG importer in the world. Tariffs will also make long term contracts more difficult to negotiate,” he said.

US LNG exports to China, almost nonexistent less than two years ago, had gradually increased and accounted for about 10 percent of China’s total import in January 2018. Contrary to a steady increase in export volume as originally expected before the trade war, that rate dropped to about 3 percent in July, according to Sanford C. Bernstein & Co.

Ira Joseph, head of Gas and Power Analytics at S&P Global Platts, said China will pay a higher price for LNG imports due to the tariff.

“The tariff will change the amount of leverage that Chinese buyers will be able to impose on other potential LNG suppliers in Asia and the Mideast, as the US is considered a major low-cost option for future supply. While to some extent this is still true, it does raise the price floor in the negotiation on long-term contracts,” he said.

Robert Ineson, executive director of global LNG at IHS Markit, an industry and market intelligence analysis company, said the tariff will have a chilling impact beyond the US and China.

“The problem is to get the next round of build out to get buyers to want contracts. This whole round of trade conflicts make all buyers, not just China but Japan, Korea and others, nervous about doing business with the US. The LNG market is in Asia. Anything making buyers nervous has a chilling effect on US LNG projects under development,” he said.

While the tariff might not necessarily push the US entirely out of China’s LNG market, Ineson said that US LNG will simply go elsewhere if China’s tariff on US LNG becomes effective and stays.

Kenneth Medlock, senior director at the Center for Energy Studies at Rice University’s Baker Institute for Public Policy, said that the tariff will not have much of an impact on overall LNG volume flowing out of the US.

“Rather, the portfolio of LNG supply will simply be reshuffled. This is generally the case when we have unilateral measures put in place, as opposed to multilateral measures. The tariff will raise the cost of US LNG imports to Chinese buyers thereby incentivizing them to buy more from other sources – such as Australia, Qatar, Russia, West Africa,” he said.

“This will displace US volumes into other markets as the ensuing arbitrage rebalances the global system. In other words, volumes get reshuffled around the world,” Medlock said.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲 欧美 日韩中文字幕一区二区 | 亚洲成a人片在线网站 | a级在线观看 | 亚洲视频在线一区二区 | 国产免费叼嘿在线观看 | 国产成人在线一区二区 | 国产片自拍 | 亚洲午夜视频在线观看 | 亚洲狠狠婷婷综合久久蜜桃 | 国产美女自拍视频 | 国产精品久久久久久 | 一区二区三区免费在线观看 | 国产精品不卡视频 | 中文字幕在线精品 | 夜色在线影院 | 免费观看一区二区 | 日韩欧美在线观看视频 | 亚洲国产成人在线视频 | 日韩一区精品 | 欧美a级成人淫片免费看 | 日韩在线观看一区二区不卡视频 | 日本一区二区视频 | 一级视频片 | 男人j进女人j啪啪无遮挡动态 | 精品一区二区三区免费站 | 嘿咻嘿咻免费区在线观看吃奶 | 亚洲精品国产电影 | 国产www视频 | 精品视频免费观看 | 色七七网站 | 不卡国产一区二区三区四区 | 午夜影院在线看 | 日本一区二区视频在线 | 久久免费精品视频 | 久久精品草 | 午夜家庭影院 | 秋霞理论在线视频 | 久久久久国产精品人 | 亚洲第一视频网站 | 国产精品成人va在线观看入口 | 亚洲欧美中文日韩在线 |