Companies proposing LNG export terminals in the US including Alaska Gasline Development and Liquefied Natural Gas Ltd have expressed relief at the trade war truce between the US and China. The decision “is a positive sign that the development of U.S. LNG projects will not be detoured in the immediate term by any further trade conflicts,” said Micah Hirschfield, spokesman for Liquefied Natural Gas Ltd, one of more than a dozen companies proposing new U.S.-based LNG export terminals. At the recent G20 summit, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day moratorium on additional tariffs. The move is seen as a positive development for the industry that upcoming US projects will not be disrupted. “While we are disappointed by this temporary pause in trade, it does provide an opportunity to reassess our strategy going forward,” said John Watson, president of ExxonMobil.
Companies proposing LNG export terminals in the US including Alaska Gasline Development and Liquefied Natural Gas Ltd have expressed relief at the trade war truce between the US and China. At the recent G20 summit, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day moratorium on additional tariffs. The move is seen as a positive development for the industry that upcoming US projects will not be disrupted. “While we are disappointed by this temporary pause in trade, it does provide an opportunity to reassess our strategy going forward,” said John Watson, president of ExxonMobil.