Trump gives China ‘sledgehammer’ to smash Qatar’s LNG monopoly

By -NO AUTHOR-

(CNBC) A deal to open the Chinese market to U.S. liquefied natural gas exports could break Qatar’s grip on LNG pricing — even if no additional American supplies ever reach the Asian powerhouse.

Last week, the U.S. Commerce Department said it had reached an agreement with Chinese authorities that would see Beijing give state-owned companies the green light to negotiate long-term contracts with U.S. LNG exporters, something it has been hesitant to do.

On Thursday, Commerce Secretary Wilbur Ross suggested the White House would aim to boost LNG exports not just to China, but other nations with whom the United States posts a trade deficit, including Japan, the world’s top LNG importer.

Source:: World Net Daily – World

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