The first U.S. liquefied natural gas (LNG) shipment reaching China in more than a year is expected to be re-exported, according to people familiar with the matter. The outlets say the re-export decision involves local companies connected to the shipment and is driven by commercial and cost considerations. Specifically, the companies aim to pursue higher profits in overseas markets rather than sell the cargo in China. The sources also indicate that re-exporting helps the companies avoid paying certain tariffs associated with importing or selling the LNG within China. The reports characterize the shipment as the first of its kind to arrive after a gap of more than a year, and both accounts attribute the plan to the same general rationale: maximizing returns and minimizing tariff exposure. No additional details are provided in the shared reporting on the destination of the re-exported cargo, the timing of the move, or the identities of the companies involved. Both sources frame the development as a matter of plans discussed by those with direct knowledge of the transaction.
First US LNG Shipment to China in Over a Year Set for Re-Export
The first U.S. liquefied natural gas (LNG) shipment reaching China in more than a year is expected to be re-exported, according to people familiar with the matter. The outlets say the re-export decisi...
- A U.S. LNG shipment reaches China for the first time in more than a year.
- The shipment is expected to be re-exported rather than sold in China.
- Local companies involved aim to secure higher profits overseas.
- Re-exporting is also intended to help avoid paying tariffs.
- The reports cite people familiar with the matter but do not name the firms or re-export destinations.
The first US liquefied natural gas shipment to China in more than a year will be re-exported, as the local companies involved look to tap higher profits overseas and avoid paying tariffs, according to people with knowledge of the matter.
4 hours agoThe first US liquefied natural gas shipment to China in more than a year will be re-exported, as the local companies involved look to tap higher profits overseas and avoid paying tariffs, according to people with knowledge of the matter.
4 hours agoUS and Japan join Philippines in South China Sea joint drills amid China tensions
The Philippines, along with the United States and Japan, holds five-day joint military drills in the South China Sea, ac...
Investors File Class Actions Against EquipmentShare.com Over Alleged Securities Law Violations
Multiple law firms announce securities class action litigation involving EquipmentShare.com, Inc. (NASDAQ: EQPT). The co...
AeroVironment (AVAV) investors notified of securities class action lead plaintiff deadlines
Multiple law firms issue notices to AeroVironment, Inc. (NASDAQ: AVAV) investors regarding a pending securities class ac...