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Booming U.S. oil and natural gas production has exerted a “moderating” influence on the trade deficit and set the country on track to become a net oil exporter for the first time in decades, according to new research.

The Australian company interested in building a liquefied natural gas (LNG) export terminal adjacent to the Calcasieu Ship Channel in Lake Charles, LA, said it will delay a final investment decision (FID) until the first half of 2019, citing the ongoing Sino-U.S. trade war.

Despite sour trade relations between the United States and China, the public corporation planning to build a liquefied natural gas (LNG) project in Alaska has signed a supplemental agreement with three Chinese companies that agreed to finance the project nearly one year ago.

Thirteen of the biggest oil and natural gas producers in the world agreed Monday to target by 2025 a 20% reduction in the average methane intensity of aggregated upstream operations to below 0.25%.

China's decision to enact a 10% tariff on U.S. liquefied natural gas is unlikely to slow exports in the near term, analysts said, and a "second wave" of domestic export projects could find buyers elsewhere, especially in Europe and Asia.

Less than 24 hours after President Trump late Monday announced tariffs on $200 billion worth of Chinese products, Beijing responded in kind with $60 billion worth of taxes on American goods, including a 10% tariff on liquefied natural gas (LNG), as the Sino-U.S. trade war continued to escalate.

China is considering extending subsidies for unconventional natural gas development through 2025, as the government looks for ways to support the nascent industry.

Despite souring Sino-U.S. trade relations, executives with two state-owned Chinese companies reportedly plans to honor agreements with their American counterparts, including an $83.7 billion memorandum of understanding (MOU) to develop shale gas and chemical manufacturing projects in West Virginia.

What had looked like a routine trip to Panama for U.S. Treasury’s David Malpass, undersecretary for International Affairs, has unexpectedly pitched him into the frontline of trade tensions between the United States and China against a backdrop of Lower 48 liquefied natural gas (LNG) exports to Central America.