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China to Increase Tariff on U.S. LNG from 10% to 25%

Reuters reports that in retaliation for a U.S. increase in tariffs on $200 billion in Chinese goods to 25% from 10%, China is set to increase the tariff on U.S. LNG from 10% to 25% starting June 1. The report states that “[s]o far this year, only two LNG vessels have gone from the United States to China, versus 14 during the first four months of 2018 before the start of the 10-month...

DOE Changes LNG Export Destination Reporting Requirement; Proposes Interpretive Rule

The U.S. Department of Energy (“DOE”) announced yesterday that it has issued a policy statement under which it is discontinuing its practice, adopted in 2016, of including an “end use” reporting provision in orders authorizing the export of domestically produced natural gas, including LNG. Currently, many export authorization holders are required to track and report the country (or...

Magnolia LNG FID Pushed Back to 2019

LNG Limited has announced that it has pushed back its final investment decision (FID) for its proposed Magnolia LNG export terminal at Lake Charles, La., from the end of 2018 to the first part of 2019 due to trade tensions with...

China Sets 10% Tariff on U.S. LNG Imports

Reuters reports that China has imposed a 10% tariff on U.S. LNG imports effective September 24, 2018. The tariff is less than the expected 25% China had announced earlier. According to the report, the smaller than expected tariff helped lift the stock prices of Cheniere Energy and Golar...

DOE Official Identifies Physical Constraints to U.S.-EU LNG Supply

Yesterday, the U.S. Senate Committee on Energy and Natural Resources held a hearing to examine the role of U.S. LNG in meeting European energy demand.  In his prepared statement, Steven E. Winberg, Assistant Secretary for Fossil Energy at the U.S. Department of Energy (DOE), stated that despite the availability of U.S. LNG imports into Europe, there are constraints affecting the amount...

U.S. House Approves Bill Authorizing Small-Scale LNG Exports

Last week, the U.S. House of Representatives passed a bill that would amend the Natural Gas Act to provide that applications for the importation or exportation of not more than 0.17 Bcf/day of natural gas and which do not require and environmental impact statement or environmental assessment shall be granted without modification or delay The bill’s provisions are similar to a final...

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