Energy Transfer and Enterprise Products Partners, two major suppliers of ethane, will bear the brunt of a policy that will cut shipments to China by a quarter in 2025 and by 50% in 2026, according to the U.S. Energy Information Administration.
The Corpus Christi Ship Channel Improvement Project deepens the channel to 54 feet at the nation’s busiest crude export gateway.
The export facility is designed to have a 14 million tonnes per year capacity, and is under construction at Kitimat, British Columbia, on the Canadian west coast.
China blinked before implementing proposed 125% tariffs on ethane and ethylene to protect their petrochemical business, Enterprise Product Partners CEO Jim Teague said.
Lee Zeldin, the Environmental Protection Agency’s administrator, as well as other cabinet members said President Donald Trump’s tariff negotiations will improve, rather than diminish, the U.S.’ business outlook.
The Delfin LNG project would pioneer offshore LNG supply in the Gulf of Mexico.
Charif Souki, co-founder of the Lower 48’s first and largest LNG exporter, has his sights set on a third natural gas venture after his exit from Tellurian Inc.
The risk to U.S. oil and gas production comes from within, and a recession looms on the horizon.
Needed permit reform will take time and general policy uncertainty could slow-play natural gas projects.
“Don't be surprised if you see a lot of [Canadian] trade missions moving beyond North America,” an Ontario official said in a panel discussion on tariffs at CERAWeek by S&P Global.