Donald Trump promotes a US gas trade with India that already exists

Donald Trump promotes a US gas trade with India that already exists

In promoting trade with India, President Donald Trump suggested on Monday that the US is on the verge of signing long-term agreements to send natural gas to the Asian country.

There’s just one thing: India already has long-term agreements for US gas. And it’s received at least seven cargoes of it since the US started liquefying its shale gas and sending it overseas last year, according to ship-tracking data compiled by Bloomberg.

After a meeting with Indian Prime Minister Narendra Modi, Trump said the US will sign long-term contracts to supply India with American gas, adding that it’s “trying to get the price up a little bit” first. Meanwhile, Indian companies have already secured agreements for supplies from Cheniere Energy Inc.’s Sabine Pass liquefied natural gas terminal in Louisiana; Dominion Energy Inc.’s planned Cove Point LNG plant in Maryland; and Sempra Energy’s Cameron LNG project in Louisiana, company filings show. Read More…

 

 

 

Credit By: The Economic Times

 

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