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Trump's China Deal Boosts U.S. LNG Without Rule Change

  • Cheniere sees trade agreement as accelerating contract talks
  • U.S. is on course to become net exporter of natural gas
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Sec. Ross Sees More Issues to Settle With China

Corrected

America’s shale gas could soon head to China under long-term contracts for the first time, bolstered by a new trade deal that may not even change existing rules.

Cheniere Energy Inc., the first exporter of natural gas from the lower 48 states, sees the agreement as “amplifying and accelerating conversations about new long-term contracts” with China, said Eben Burnham-Snyder, a spokesman for the Houston-based company. While the deal announced Thursday by President Donald Trump’s administration doesn’t appear to alter access for Chinese companies to U.S. gas cargoes, it welcomes China to receive shipments and engage in long-term contracts with American suppliers.