Lloyd’s List: Reintroduced US SHIPS Act will target owners of Chinese newbuilds

April 30, 2025 We will have 10 US LNG export terminals by 2028-2029. Do each of them have to meet the 1%? Or can they do it collectively? If somebody met the entire 1% and nobody else did, would all the others lose their export licenses? The permutations and questions this raises are endless.” “Then there’s the larger question of cost,” said Poten & Partners global head of business intelligence Jason Freer. “We’ve done a back-of-the envelope look at this. A US-built LNG carrier, if you could do it at all, would be two to four times as expensive as one built in a Korean yard — and those are $260m a pop. So, the economics look quite unfavourable, and that’s an understatement.”

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