Tankers delivering Louisiana LNG to China in April, May


Three tankers bearing LNG from Louisiana plants are expected to delivery their cargo to China over the next two months.

Citing data from Refinitiv and Kpler, Reuters reports that the Cool Explorer, which loaded at Cheniere Energy’s Sabine Pass plant, as well as the SK Resolute, which loaded at Sempra LNG’s Cameron plan, are expected to arrive in April.

The Gaslog Geneva, also carrying cargo from Sabine Pass, is expected to arrive in China in May.

Beijing has begun granting tax waivers to LNG importers, three sources told Reuters earlier this month, with two of them adding the tariff had dropped to zero, though a separate value-added tax of 10% still applies.

China announced in February that it would grant exemptions on retaliatory duties imposed against 696 U.S. goods after both sides reached a Phase 1 trade deal that took effect on Feb. 14.

As the coronavirus lockdowns continue to put pressure on LNG demand in some of the key markets, an LNG trader said there were signs of “going back to normal” in China, with demand there slightly recovering.