Cheniere: LNG exports to China can double its size, if trade war ends
Cheniere Energy CEO Jack Fusco said his company could ultimately double its size from Chinese demand, but the current trade rhetoric between the U.S. and China needs to come to an end.
LNG is a form of natural gas that is super-chilled and turned into a liquid for transport by sea. Cheniere has been a pioneer in the industry and its Sabine Pass on the Gulf Coast was the first U.S. LNG export facility in the lower 48 states. Fusco said at lower levels the trade dealings with China are good, but at higher levels the trade talks have ramped up tensions.
Greater Asia demand also is growing."Asia grew last year a whole Cheniere in size, so over 30 million tons of LNG just in growth alone was attributable to Asia. So we're not only focused on China but we're focused on Asia more broadly," Fusco said.
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