MNI BRIEF: China To Extend Retirement Age

MNI: PBOC Net Injects CNY94.7 Bln via OMO Friday

CHINA PBOC CONDUCTS CNY236.2 BLN VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1030 Fri; +2.40% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1030 FRI VS 7.1214

MNI China Daily Summary: Thursday, Sept 12

MNI: EUROZONE JUL IP -0.3% M/M, -2.2% Y/Y

MNI: FRANCE AUG HICP +0.6% M/M, +2.2% Y/Y

MNI: FED BALANCE SHEET TOTAL ASSETS +$2B TO $7.115T IN WEEK

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG: US Issues First Non-FTA LNG Export Permit Since Jan Pause: Argus

LNG
Energy BulletsBulletPower BulletsCommodities

The US DoE has authorised Mexico’s 1.4m mtpa Altamira LNG export terminal to load cargoes produced from US gas to countries without free trade agreements with the US, Argus said.

  • This is the first new non-FTA permit issued to an LNG export terminal since the Biden administration announced a pause on new non-FTA authorisations in January.
  • The pause was due to a planned review of the impact of a further build-out of LNG export capacity on US gas.
  • Altamira used US feedgas, requiring permits to export to countries without an FTA with the US.
  • Altamira exported its first cargo last month, which was headed to Mexico’s Pacific coast.
  • The non-FTA authorisation expires Aug. 30, 2029, although operator New Fortress Energy wanted authorisation until 2051. There will be a re-evaluation no sooner than Aug. 31, 2026.
130 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The US DoE has authorised Mexico’s 1.4m mtpa Altamira LNG export terminal to load cargoes produced from US gas to countries without free trade agreements with the US, Argus said.

  • This is the first new non-FTA permit issued to an LNG export terminal since the Biden administration announced a pause on new non-FTA authorisations in January.
  • The pause was due to a planned review of the impact of a further build-out of LNG export capacity on US gas.
  • Altamira used US feedgas, requiring permits to export to countries without an FTA with the US.
  • Altamira exported its first cargo last month, which was headed to Mexico’s Pacific coast.
  • The non-FTA authorisation expires Aug. 30, 2029, although operator New Fortress Energy wanted authorisation until 2051. There will be a re-evaluation no sooner than Aug. 31, 2026.