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在线翻译:
szdaily -> Business
US exporters rush to sell LNG to China
    2017-October-31  08:53    Shenzhen Daily

U.S. gas exporters and traders are aiming to grab a bigger chunk of the lucrative, growing business of exporting gas to China, the world’s third-largest buyer, when they accompany U.S. Commerce Secretary Wilbur Ross to China next month.

But the talk may be all hot air if the U.S. suppliers can’t compete with bargain prices reached in long-term deals with rivals Australia, Qatar and Malaysia.

According to a list, 10 of the 29 companies travelling with Ross and U.S. President Donald Trump are involved in energy and gas.

Among them are Cheniere Energy Inc., which operates the only U.S. liquefied natural gas (LNG) export terminal and Freepoint Commodities, founded and run by David Messer, who led power utility Sempra’s vaunted commodities division.

Their presence underscores the U.S. ambition to sell more of its excess gas abroad as the U.S. shale revolution threatens to upset the global LNG market.

China’s appetite has soared as it embarks on an bid to heat millions of homes across the north by gas for the first time this winter and switch tens of thousands of industrial boilers to the cleaner fuel as part of its push to clear the skies.

Without sufficient domestic output to meet growing demand, imports have surged this year, offering huge potential for major exporting nations such as the United States.

In the first nine months of the year, gas shipments from the United States hit almost 600,000 tons, ranking the country as the sixth largest LNG exporter to China, leap-frogging Nigeria and Peru.

“We’re on the mission to talk to Chinese companies to get something signed up,” said Frederick Jones, founder and chief executive of Delfin Midstream LLC, which is building floating LNG vessels that would sit off the coast of Louisiana.

He’s heading to Beijing on the trip scheduled to begin Nov. 8.

A Chinese executive involved in discussions ahead of the trip expected the delegation to yield several short-term supply deals.

In May, the United States and China agreed to boost trade under the “100-day” trade talks aimed at reducing a U.S. trade deficit with China that reached US$347 billion last year.

Current long-term contracts with Qatar and Australia signed between 2009 and 2013 will expire around 2030/40, but China will need to top up imports to meet growing demand.

China expects gas demand to rise to between 320 and 360 billion tons per year by 2020. The increase is equivalent to the annual consumption of Japan, Asia’s second-largest gas consumer after China.(SD-Agencies)

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