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LNG and the China trade

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Rockdale

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LNG and the China trade
« on: October 23, 2017, 12:10:43 PM »
In my reading I came across an article written by Brad Setser of 5/15/'17 of the organization Foreign Affairs that quoted from a release of the US Department of Energy of 5/11/'17.  The article concerned itself with details of  agreements between the US and China that were agreed to in regards to various commodities including American sourced LNG.  They were a part of a larger series of talks described as a "100 Day Action Plan" designed to open up trade between the two countries.  And while the Chinese government made no agreement to buy specific quantities of US Lng, there is obviously an opening sought for considerably higher levels of gas exports to China from our country.  Mentioned in the article which was carried on the "Calculated Risk" site was the quote that as of April of 2017 that the US had authorized as much as 19.2 billion cubic feet per day in Lng exports to non Free Trade Agreement countries such as China.  That amount would be equal to about one quarter of total current US production of natural gas.