global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
Global LNG Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
No Result
View All Result
Home LNG Contracts & Pricing

US-China tariff spat to have negligible impact on global LNG market

Editor by Editor
5 months ago
Reading Time: 2 mins read
China-LNG
Share on FacebookShare on TwitterShare on Linkedin

(Montel) China retaliated swiftly against US tariffs on its goods on Tuesday by imposing its own levies on imports of US LNG, but the market impact is likely to be negligible, analysts told Montel.

RELATED POSTS

LNG-Prices

Weekly review of natural gas and LNG prices

7 hours ago
TTF-JKM-correlation

TTF-JKM correlation hit record levels in the first half of 2025

1 day ago
Plaquemines LNG

European LNG imports surge by a staggering 40%

6 days ago

The new administration of US president Donald Trump imposed a 10% tax on imports of Chinese goods, which went into effect today, while Beijing countered with a 15% import tariff on US LNG, as well as a similar levy on US coal and a 10% one on crude oil.

Currently most Chinese imports of US LNG were tied to long-term contracts, which would remain priced below current and future spot prices, even with a 15% bump, analysts agreed.

Imports of the US fuel to China had also fallen significantly since the last Trump-induced trade war, totalling 4.3m tonnes in 2024, or less than half than the 2021 high of 9m tonnes.

“Contracted US LNG would be priced USD 10/MMbtu below post tariff, so the Chinese buyers will almost 100% continue to take in the long-term contracted US LNG,” Alex Siow, head Asia LNG analyst at consultancy Icis, told Montel.

European premium

However, it was already our expectation that increased spot US LNG cargoes “would be going to Europe over coming months”, said Alex Froley, an Icis LNG analyst, referring to the TTF premium.

Europe’s benchmark TTF gas contract settled last at its highest in almost 15 months at EUR 53.79/MWh (USD 16.20/MMbtu), compared to the equivalent contract on Asia’s JKM marker of USD 14.40/MMbtu, with the two regions competing in terms of LNG deliveries.

“We have a steep premium for the TTF over East Asia LNG prices, which we can expect to ease a bit in favor of the Europeans, as non-US volumes move into the spotlight for Asia,” said Christoph Halser, gas and LNG analyst at Rystad Energy.

TTF offers a premium on JKM for the remainder of the year.

Seek discounts?

Chinese buyers could also seek US discounts, said Claudio Steuer, energy consultant and faculty member of IHRDC, Boston.

“Chinese buyers could invoke force majeure,” he said. It would require US sellers “to either grant price discounts offsetting the tariff impact or face complete volume loss,” he said.

Memories tend to be short-lived, he added, citing the last time tariffs were imposed against China in 2019-21, with the latter imposing a retaliatory 25% duty on US LNG imports.

Qatar expanded its market share, although Russia’s Novatek and Australian projects also gained ground on the critical Chinese LNG market in the wake of this.

“This time around, China enters this broader trade conflict from a position of enhanced energy security and optionality,” said Steuer.

“Qatar’s expansion volumes, coupled with uncontracted LNG volumes and LNG portfolio from trading houses, provide China with ability to entirely avoid importing US LNG.”

Source: Andrés CALA (Montel) 


RELATED POSTS

LNG-Prices

Weekly review of natural gas and LNG prices

7 hours ago
TTF-JKM-correlation

TTF-JKM correlation hit record levels in the first half of 2025

1 day ago
Plaquemines LNG

European LNG imports surge by a staggering 40%

6 days ago
Tags: ChinaJKM pricestariffsTrumpTTF poremiumU.S LNG
Editor

Editor

Related Posts

LNG-Prices
LNG Contracts & Pricing

Weekly review of natural gas and LNG prices

7 hours ago
TTF-JKM-correlation
LNG Contracts & Pricing

TTF-JKM correlation hit record levels in the first half of 2025

1 day ago
Plaquemines LNG
LNG Contracts & Pricing

European LNG imports surge by a staggering 40%

6 days ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

1 week ago
natural-gas-prices
LNG Contracts & Pricing

Middle East crisis fuelled strong price volatility across Asian and European markets

1 week ago
risk-premium-LNG
LNG Contracts & Pricing

All eyes on LNG demand as gas prices recede

1 week ago
No Result
View All Result

Trending Posts

risk-premium-LNG

All eyes on LNG demand as gas prices recede

June 30, 2025
natural-gas-prices

Middle East crisis fuelled strong price volatility across Asian and European markets

July 1, 2025
LNG-export-capacity

The development of new LNG export capacity is far from slowing down

June 27, 2025

Recent Post

LNG-Prices

Weekly review of natural gas and LNG prices

July 9, 2025
TTF-JKM-correlation

TTF-JKM correlation hit record levels in the first half of 2025

July 9, 2025
Plaquemines LNG

European LNG imports surge by a staggering 40%

July 3, 2025
LNG-prices

Review of natural gas and LNG prices

July 2, 2025
natural-gas-prices

Middle East crisis fuelled strong price volatility across Asian and European markets

July 1, 2025
risk-premium-LNG

All eyes on LNG demand as gas prices recede

June 30, 2025
LNG-HUB-Logo

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Weekly review of natural gas and LNG prices

TTF-JKM correlation hit record levels in the first half of 2025

European LNG imports surge by a staggering 40%

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.