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Begin New Search Political Geography United States of America Author Sylvie Cornot-Gandolphe

1. China’s Quest for Gas Supply Security: The Global Implications

Author:
Sylvie Cornot-Gandolphe
Publication Date:
09-2019
Content Type:
Special Report
Institution:
Institut français des relations internationales (IFRI)
Abstract:
The major transformations that are occurring on the Chinese gas market have profound repercussions on the global gas and LNG markets, especially on trade, investment and prices. In just two years, China has become the world’s first gas importer and is on track to become the largest importer of Liquefied natural gas (LNG). China alone explained 63% of the net global LNG demand growth in 2018 and now accounts for 17% of global LNG imports. The pace and scale of China’s LNG imports have reshaped the global LNG market. Over the past two years, fears of an LNG supply glut have largely been replaced by warnings that the lack of investments in new LNG capacity would lead to a supply shortage in the mid-2020s unless more LNG production project commitments are made soon. There is now a bullish outlook for future global LNG demand which has encouraged companies to sanction additional LNG projects, based on the anticipated supply shortage. China’s gas imports can be expected to continue to grow strongly, from 120 billion cubic meters (bcm) in 2018 to up to 300 bcm by 2030.
Topic:
Security, Energy Policy, International Trade and Finance, and Gas
Political Geography:
China, Europe, Asia, Global Focus, and United States of America

2. The Trump-led Trade War with China: Energy Dominance Self-destructed?

Author:
Sylvie Cornot-Gandolphe and Jean-François Boittin
Publication Date:
09-2018
Content Type:
Special Report
Institution:
Institut français des relations internationales (IFRI)
Abstract:
Under particular US legal rationale, such as calling foreign imports a “national security threat”, President Donald Trump has started imposing tariffs and/or quotas and has launched national security investigations on a growing number of imported goods from US allies and others alike.In March and June 2018, the US imposed tariffs or quotas on steel and aluminium on all trading partners, but Australia. In July and August 2018, the US began imposing tariffs on $50 billion in Chinese industrial goods on the ground of unfair trade practices. As China has retaliated with tit-for-tat measures, President Trump has imposed tariffs on $200 billion in Chinese goods from 24 September 2018 onwards, and in an unprecedented escalation of his trade war with China, he has also threatened to impose tariffs on an additional $267 billion in Chinese goods. If eventually carried out, Trump’s latest threat could result in tariffs on all Chinese goods entering the US. China has retaliated and imposed tariffs on $60 billion in US goods, including a 10% duty on liquefied natural gas (LNG). For the time being, trade tensions have had a limited impact on the energy market. But the new round of US tariffs and retaliation measures by China suggest that this is going to change.
Topic:
Climate Change, Energy Policy, International Trade and Finance, Gas, Renewable Energy, and Coal
Political Geography:
China, Asia, North America, and United States of America