The Trump administration scrapped penalties for US liquefied natural gas companies that were set to take effect next week under a sweeping policy aimed at curbing China’s maritime dominance.
“This modification will avoid potential short-term disruptions to the LNG sector while promoting investments in U.S. shipbuilding capacity and production of LNG vessels,” the Office of the US Trade Representative said in a notice on Friday.
The provision, which is effective immediately, would have allowed the US to suspend LNG export licenses for companies that failed to meet requirements for shipping fuel on US-built LNG tankers starting in the second half ...
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