The U.S. and China have announced the initial steps in their 100-Day action plan of the Comprehensive Economic Dialogue, inviting Chinese companies to negotiate long-term contracts for liquefied natural gas (LNG) shipments from U.S. suppliers.
This is a really big deal.
LNG is the fastest growing major energy market, the U.S. is the fastest growing exporter, and China is the largest incremental consumer (with nearly a $30 billion market by 2030). Since LNG exports from the contiguous U.S. began in February 2016, about 10 of our cargoes have reached China, but only sold on the spot market.
Click here to read more ...