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US Commerce Secretary Wilbur Ross said Thursday that Washington has reached an agreement with Beijing that will allow China getting a greater access to US liquefied natural gas (LNG) exports.
China will have as much access to US liquefied natural gas (LNG) exports as any other partner that does not have a free trade deal with Washington. US Commerce Secretary Wilbur Ross told reporters.
Companies from China may proceed at any time to negotiate all types of contractual arrangement with US LNG exporters. including long-term contracts. subject to the commercial considerations of the parties. Ross said.
Ross said the Department of Energy in April capped natural gas exports to non-FTA countries at 19.2 billion cubic feet per day.
The agreement on LNG is part of a broader 100-day economic action plan. which was hammered out during Chinese President Xi Jinping’s visit in April to Donald Trump’s estate in Florida. The two leaders also reached a consensus on addressing issues in agricultural trade. financial services. and investment.
