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US’ largest natural gas exporter announces huge deal with China

Washington Examiner – by John Siciliano

The largest natural gas exporter in the U.S. announced two major deals with China on Friday to sell U.S. natural gas through the 2040s.

Cheniere Energy agreed to supply China’s state-owned energy company with 1.2 million tons of liquefied natural gas, or LNG, per year. The long-term supply and purchase agreements were built on a Memorandum of Understanding the company signed with China’s energy authority in November.  

Cheniere will begin shipping a portion of the fuel from its LNG export facility at Sabine Pass, La., later this year. The rest of the fuel will be made from its second facility being built in Corpus Christi, Texas, beginning in 2023. The supply and purchase agreements extend through 2043.

The company is in the middle of completing its Corpus Christi facility, which now will include a third natural gas export station as an addition to its original design. Each export station is able to serve one LNG shipping vessel.

Once all production facilities are up and running, the company will be one of the top five exporters of LNG in the world. The company began shipping fuel to China from Sabine Pass in 2017 with a single shipment. But China is looking to boost its imports of energy to support its plan to phase out its coal power plants in favor of cleaner-burning natural gas.

The announcement would boost President Trump’s energy dominance agenda that looks to increase energy exports abroad.

The U.S. became a net natural gas exporter in 2017, shipping more natural gas to other countries than it receives each year as imports. The Energy Information Administration projected this week that the U.S. will become a net oil exporter in 2022, adding to the country’s increasing export status.

Republicans on Friday hailed the company’s announcement as a move to support the president’s vision, while Democrats took a different tack.

“This is great news for working families in Louisiana,” said Republican Sen. Bill Cassidy of Louisiana, home of the Sabine Pass facility.

“From the wellhead to the liquefaction facility, people in Louisiana will benefit from selling more American-made energy,” the senator said. “This is another example of Louisiana fueling America’s energy dominance and reaping the economic benefits of trade.”

Meanwhile, Democratic Sen. Ed Markey of Massachusetts, who sits on the Foreign Relations Committee, called on the State Department and Treasury to probe imports of LNG from Russia that may have violated U.S. sanctions.

Massachusetts is dependent on natural gas imports from other countries, given New England’s historic energy supply constraints. A shipment of LNG that docked in Boston last week may have contained Russian-produced fuel, even though it reached the U.S. under a different country’s flag.

In a letter to Secretary of State Rex Tillerson and Treasury Secretary Steven Mnuchin, Markey said that although the natural gas was only partially sourced from Russia, the purchase of the fuel provides revenue to Russia’s largest natural gas company, Novatek, which is a violation of sanctions.

“This shipment may therefore circumvent the U.S. sanctions and calls into question to what degree those sanctions are serving our broader foreign policy goals regarding Russia or require adjustment to better achieve those goals,” Markey wrote.

The senator said he believes the event marked the first successful attempt by Russian energy companies to overcome U.S. sanctions imposed after the country took over Crimea.

Markey wants Tillerson and Mnuchin to confirm by Feb. 23 whether the shipment constituted a violation of sanctions.

http://www.washingtonexaminer.com/us-largest-natural-gas-exporter-announces-huge-deal-with-china/article/2648689

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8 Responses to US’ largest natural gas exporter announces huge deal with China

  1. KOYOTE says:

    WHERES MY DAMN MONEY?????????
    IT MUST BE THE 6 DOLLAR DISABILITY CHECK I GET EACH MONTH,,,,,,,,

  2. Mark Schumacher in LV says:

    What’s sickening about this all of this is that this was actually planned years ago, back room deals etc. Americans Nationals screwed again.

  3. Jolly Roger says:

    “…The announcement would boost President Trump’s energy dominance agenda that looks to increase energy exports abroad…..”

    “Energy dominance agenda” makes it sound like we’re winning something, when in reality, we’re just being robbed, and as a result of this, you can expect the price of LNG to increase here.

    I hope they blow themselves up, and take out all the wetbacks that are working for them, too. (you can bet they’re not hiring Americans for these jobs)

  4. # 1 NWO Hatr says:

    “But China is looking to boost its imports of energy to support its plan to phase out its coal power plants in favor of cleaner-burning natural gas.”

    Now that the air in Beijing is virtually unbreathable?

    “Markey wants Tillerson and Mnuchin to confirm by Feb. 23 whether the shipment constituted a violation of sanctions.”

    Like you pukes are gonna do anything about it if it did.

  5. galen says:

    Hmm… Interesting and curious:

    “The U.S. became a net natural gas exporter in 2017, shipping more natural gas to other countries than it receives each year as imports.”

    What I don’t understand is if we have such a large supply of our own, why do we need it imported from other countries? Is this what “a net natural gas exporter” is and what their “supply and purchase agreements” mean?

    And, “Massachusetts is dependent on natural gas imports from other countries, given New England’s historic energy supply constraints.”

    So many loopholes in this thing. How come Massachusetts can receive foreign, but not domestic gas?

    Damn back-door deals. They leave so much confusion.

    🙁

    .

    • Henry Shivley says:

      It is called international contracting in the world market. We compete for our own raw resources in the international market. It is a part of that world economy thing our wise and noble leaders, without authority, turned our country over to.
      Just thought I’d let you know so you won’t be confused when you find out a Chinaman not only owns the house and property you thought you owned, but also owns you, as a part of the consolidation of the strawman corporation existing in your name.
      They are not going to stop until we shoot them.

      • Hal Apeeno says:

        “They are not going to stop until we shoot them.”
        Words of iron, my friend!
        True words of iron!

      • galen says:

        Ahh, “international contracting.” Thanks, Henry. Really cleared that up.

        And it’s probably environmental excess, as well, with the “move it here, move it there” traversing of land and water. And they want to limit OUR carbon footprint. This “international” commerce combined with the military machine and its toxic weapons are leaving the biggest footprint, likely one that’s almost permanent.

        Hard to take all this knowing we have everything we need right here.

        .

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