China’s attempt to reduce its trade surplus with the US with increased energy imports can cause US plans for LNG plants to advance. With over twenty US LNG plants waiting for final investment decision, many of them are looking to China to seal a deal.
US and China trade teams will meet in China to explore new energy and agricultural deals. This aims to soften trade tensions, lifting stock markets in Asia and the US. According to Reuters, almost 13% of US LNG cargoes went to China last year, with the Asian country importing 5.6 billion cubic feet per day last year.
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As far as project are concerned, Delfin will propose a floating LNG facility in the Gulf of Mexico and wants to get a final investment decision as early as possible to produce 13 million metric tons per annum (mtpa) of LNG for export.
Moreover, Texas LNG, has proposed a 4-mtpa export facility in Brownsville, Texas, and has reached to five early-stage agreements with Chinese customers. It hopes to make a final decision in 2019.
Finally, Cheniere Energy will soon make a final investment decision on a third liquefaction line at its Corpus Christi, Texas, facility.
