The Chinese commerce ministry has announced retaliatory tariffs on US goods, including LNG, which will be subject to a 25% tariff, the agency said on 3 August.
The timing of the tariffs will be announced at a later date.
The Chinese ministry’s said it was responding to the 10 July decision by the US government to impose tariffs of 10% on Chinese goods, as well as the further announcement this week by US trade representative Robert Lighthizer on an additional set of tariffs being considered.
The ministry said the US was violating the rules and obligations of the World Trade Organization and threatening China’s economic interests and security.
On 1 August, Lighthizer said that in addition to the tariffs announced in July, another level of tariffs between 10% and 25% could be considered. The 25% duty would be applied on the list of products previously announced in July.
The announcement on 3 August by China has now escalated tensions between the US and China, as US LNG exports are now ramping up to become a global supplier.
According to LNG Edge, the US exported 1.8mtpa of LNG to China from January through July 2018. This was up 19% from all of the 2017 exports from the US to China. Currently, Cheniere’s Sabine Pass plant in Louisiana and the Dominion-operated Cove Point in Maryland are operating in the US.
The next plants to come online in the US in the next two years are Kinder Morgan’s small-scale Elba Island LNG in Georgia, Cheniere’s second project, Corpus Christi LNG in south Texas, Freeport LNG in Texas and Cameron LNG in Louisiana.
By Ruth Liao
Source: ICIS News
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?