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Chinese buyers have resumed imports of liquefied natural gas (LNG) from U.S. exporters, as Beijing started granting waivers to a 25% import tariff.
Last month the Chinese government commenced a process to award tax waivers to some LNG buyers. The exemptions would last for a year and allow importers to avoid the duty implemented during the trade war with Washington, Kallanish Energy reports.
The waivers are believed to have dropped tariffs to zero, but a separate value-added tax of 10% still remains in place. The measure is expected to help China to execute the first phase of a deal with the U.S., under which it has to buy $200 billion worth of U.S. goods over the next two years.
Data from intelligence company Kpler suggests at least four LNG tankers are heading to China, carrying U.S. LNG. These exports include one loaded last month at the Cameron LNG plant, two loaded at the Sabine Pass terminal and one at the Corpus Christi terminal.
