{"id":22765,"date":"2018-04-02T13:53:55","date_gmt":"2018-04-02T18:53:55","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=22765"},"modified":"2018-04-02T13:53:55","modified_gmt":"2018-04-02T18:53:55","slug":"u-s-commerce-secretary-wilbur-ross-china-import-u-s-gas-cut-trade-gap","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/u-s-commerce-secretary-wilbur-ross-china-import-u-s-gas-cut-trade-gap\/","title":{"rendered":"U.S. Commerce Secretary Wilbur Ross to China: Import More U.S. Gas to Cut Trade Gap"},"content":{"rendered":"

\"\"<\/a><\/p>\n

This is a great idea for Panama too especially considering the US and China will most likely end up sitting down to negotiate a way around the current tariff war threats coming from both sides.\u00a0 Xi should not short change President Trump as he has succeeded so far with North Korea in his “Madman” <\/a>approach to other leaders.\u00a0 (End of political statement!)<\/p>\n

<\/figcaption><\/figure>\n

By Ryan Collins, Scarlet Fu and Julia Chatterley (Bloomberg) \u2014 What would it take for China to reduce its trade gap with the U.S.? Buy more natural gas, for a start, says Secretary of Commerce Wilbur Ross.<\/p>\n

Diverting its purchases from other countries to America would be the \u201csimplest\u201d solution, Ross said during an interview with Bloomberg TV after President Donald Trump ordered tariffs on at least $50 billion in Chinese imports. Buying more U.S. liquefied natural gas would be a step in that direction, he said.<\/p>\n

\u201cChina needs to import very, very large amounts of LNG and from their point it would be very logical to import more of it from us, if for no reason other than to diversify their sources of supply,\u201d Ross said. \u201cIt would also have the side effect of reducing the deficit.\u201d<\/p>\n

<\/div>\n

Though LNG imports may help the deficit, which reached $375 billion last year, they are unlikely to put a big dent in it, Anastacia Dialynas, analyst at Bloomberg New Energy Finance, said in a research note. Chinese LNG imports may grow to 82 million tons by 2030; if the country bought all of that from the U.S., it could contribute almost $28 billion to the trade balance.<\/p>\n

But that\u2019s unlikely because China already has commitments for most of their gas with other suppliers. Only 40 million tons of China\u2019s 2030 imports aren\u2019t already under contract, amounting to just $13.5 billion in revenue at current prices, according to BNEF.<\/p>\n

\u201cSo can LNG shipments solve the U.S.-China trade deficit? No. Could they help? Yes. Will they increase? Probably,\u201d Dialynas said. \u201cU.S. exporters are already courting Chinese buyers, and China is looking to diversify from Australia and Qatar, its current primary suppliers.\u201d<\/p>\n

China is already the third-biggest importer of U.S. LNG, behind only Mexico and South Korea. In February, Cheniere Energy Inc. became the first U.S. gas exporter to sign a long-term deal with China, agreeing to supply China National Petroleum Corp. with 1.2 million metric tons a year through 2043.<\/p>\n\n

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    This is a great idea for Panama too especially considering the US and China will most likely end<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,12,247,241,39,248,34,33,62,42,219,11,249,243,7,246,244,44],"class_list":["post-22765","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-bocas-del-toro","tag-boquete","tag-boquete-boca-chica-real-estate","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"\nU.S. Commerce Secretary Wilbur Ross to China: Import More U.S. Gas to 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