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From: Julius Wong4/28/2025 8:07:38 PM
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LNG companies say impossible to comply with Trump rules on Chinese ships - FT

Apr. 28, 2025 6:49 PM ET
By: Carl Surran, SA News Editor

The liquefied natural gas industry has warned the Trump administration it cannot comply with new rules aimed at forcing them to use U.S. transport vessels by imposing tariffs on Chinese-built ships docking at U.S. ports, the Financial Times reported Sunday.

The industry warns the new rules would dramatically increase the cost of contracting vessels, severely damaging a $34B annual export industry that is central to President Trump's "energy dominance" agenda, FT reported, citing letters sent by the American Petroleum Institute to the U.S. secretaries of energy and the interior last week.

The U.S. passed Australia in 2023 to become the world's biggest liquefied natural gas exporter, and in 2024 shipped 11.9B cf/day of LNG, and the industry has ambitious plans to double exports by the end of the decade, but there are currently no U.S.-built vessels capable of shipping LNG and no surplus capacity at U.S. shipyards to build LNG carriers by the deadline of 2029, the letters said, according to the report.
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