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2019-05-15 11:30:00

U.S. LNG TO CHINA +25%

U.S. LNG TO CHINA +25%

PLATTS - China will increase tariffs on US LNG imports to 25% from 10% effective from June 1, the State Council under the Finance Ministry said in a statement late Monday, but it left out US crude imports from its current tariff lists.

Higher tariffs on LNG will hamper further trade flows between the US and China as upcoming summer peak demand in North Asia could have raised prices enough to offset the previous 10% tariff and create arbitrage to boost US LNG imports into China.

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Earlier:

U.S. LNG TO CHINA +25%
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