UPDATE 1-U.S. LNG, ethanol sellers buoyed by China trade talks [Reuters]
Archer-Daniels-Midland Company (ADM)
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Source: Reuters
UPDATE 1-U.S. LNG, ethanol sellers buoyed by China trade talks | Reuters Reuters Staff 5 Min Read (Adds analyst comment) By Scott DiSavino May 22 (Reuters) - China’s interest in reducing its trade surplus with the United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants and ethanol sales, said analysts and energy executives involved in developing new LNG facilities. Washington and Beijing stepped back from the brink of a full-blown trade war after talks last week, with the United States appearing to set aside for now its demands that China revamp key planks of its industrial policy. “China represents an enormous economic opportunity for U.S. LNG and ethanol exports as both products will likely see dramatic demand growth in the coming years, during which time the United States is also expected to dominate global export markets,” Katie Bays, energy analyst at Height Securities in Washington, DC, said in a note on Tuesday. Bays estima
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