06:11:37 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



TransCanada Corp
Symbol TRP
Shares Issued 913,512,346
Close 2018-10-22 C$ 52.73
Market Cap C$ 48,169,506,005
Recent Sedar Documents

Globe/wire say TransCanada hears U.S. LNG tariff woes

2018-10-23 08:24 ET - In the News

The Globe and Mail reports in its Tuesday edition that LNG Canada challenged competing U.S. liquefied natural gas projects on Monday, saying many could end up "dead in the water" as long as China keeps its tariff on U.S. imports of the fuel as part of the trade war between the countries. A Reuters dispatch to The Globe says that China in September announced a 10-per-cent tariff on U.S. LNG imports as part of an escalating trade war between the world's two biggest economies. This month, Royal Dutch Shell PLC made a final investment decision for its $31-billion (U.S.) LNG Canada project. Speaking at an industry event in Nagoya, Japan, on Monday, LNG Canada chief executive officer Andy Calitz said the final go-ahead was made "irrespective" of Chinese tariffs on U.S. LNG, but added such measures would make U.S. LNG less competitive. Mr. Caltiz also told Reuters: "The world has become so competitive that if we are to face a 10-per-cent surcharge tariff on LNG, then as far as I'm concerned, you're dead in the water. So I'm very happy to be in Canada." Current U.S. LNG exports remain competitive despite the 10-per-cent surcharge into China, as U.S. natural gas is cheap thanks to booming shale output.

© 2024 Canjex Publishing Ltd. All rights reserved.