U.S. LNG: NO CHINA
The U.S. Department of Energy has advised American companies not to allow Chinese companies to invest in U.S. liquefied natural gas export projects, the head of one such venture told Reuters on Thursday.
The advice contributed to a lack of lucrative U.S. gas export deals with Chinese companies, said Michael Smith, the chief executive of Freeport LNG. Some existing deals for liquefied natural gas, or LNG, are worth billions of dollars.
Smith said his privately owned company, which is building an LNG export project on the Texas coast to supply customers in Asia starting in 2018, was encouraged during the federal…
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