Page 13 - Gi flipbook - November 2018

CHINA

China hits Trump with retaliatory tariffs on US natural gas

CHINA’S NEW LIST of Experts and industry to reduce the US trade for American gas behind
$60 billion worth of tariffs officials warn that Trump’s deficit while providing Mexico and South Korea.
on US goods includes trade war with China is good jobs at home and Chinese imports of US
LNG, threatening a major threatening to discourage growing the economy.” LNG increased from zero in
setback for the Trump the world’s fastest growing US LNG company 2015 to 17 billion cubic feet
administration’s ambition LNG market from signing Tellurian downplayed the in 2016, to 103 billion cubic
to flood the world with long-term contracts with impact of China’s tariffs. feet last year.
cheap natural gas as a key American developers. “Over time the trade But the trade fight with
component of its energy “We are disappointed issues will work themselves China hangs over potential
dominance agenda. with this development and out, and we expect the long-term progress for US
China’s Finance Ministry would like to see the two Chinese market to continue LNG exports.
said that it is moving forward countries reach a resolution growing,” Tellurian President Other countries, including
with its plans to increase in quickly, which is in the best and CEO Meg Gentle told Russia, Qatar, Canada,
tariffs of 10 per cent and interest of all parties,” said the Washington Examiner. and Mozambique are also
five per cent on over 5,000 Charlie Riedl, the Executive China’s demand for LNG offering LNG at competitive
U.S. goods, in response to Director of the Center for is soaring, and it is relying rates. Experts say US
President Trump’s latest Liquified Natural Gas, a more on the US, becoming supply, despite its cheap
round of tariffs. nonprofit trade group. the third largest destination prices, is replaceable. ■
That includes a 10 per “These tariffs have
cent tariff on American the power to price US
LNG, a big blow to the US LNG out of the Chinese
energy industry. China is market. Tariffs will also
the largest growth market make long term contracts
for LNG imports, and more difficult to negotiate.
the US is seeking to be a Pricing US LNG out of a Trump has declared trade
major exporter, reports the key market undermines its wars are easy to win
Washington Examiner. competitiveness and ability

SWITZERLAND COWS BURP AND fart gases that contribute to

Swiss cow feed puts more than they need to, global warming.
according to a Swiss firm
Nearly a quarter of that
that has developed a feed
comes from bovine flatulence.
the squeeze on global that cuts methane emissions cows – it is more burps
“The burps for the
from livestock – helping to
LNG CANADA
warming combat global warming. than farts – contribute
A single cow produces
about four per cent of all
the equivalent of about greenhouse gas emissions,”
three tonnes of carbon said Anne Mottet, Livestock
dioxide per year, says Development Officer at the
Agolin, based in Biere near UN Food and Agriculture
Lausanne. Co-founder and Organisation.
Managing Director Kurt Agolin says field trials
Schaller told Reuters its have shown its product also
specialist feed can reduce helps increase milk yield
that by 10 per cent. and feed efficiency, which
“We sell our mixture for are benefits that farmers
around one million cows per can more easily measure.
year... There are 25-28 million “A farmer does not get
cows in the European Union, a cent if he reduces his
so it is a big percentage,” methane production,” said
he said. “That represents Technical Director Beatrice
300,000 tonnes of CO Zweifel. “That is starting to
2
reduction today.” change a little bit, however,
Cow flatulence is a The United Nations says for example in California,
significant contributor livestock farming alone is where farmers must reduce
to climate change responsible for up to 18 their methane production
per cent of the greenhouse by 40 per cent.” ■

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News.indd 8 18/10/2018 13:13