Exploring the Impact of Increased Chinese Tariffs on LNG Growth

On Monday, May 13, China proposed to increase the current tariff of 10% to 25% on liquefied natural gas (LNG) exported from the United States. The proposed increase would go into effect on June 1 in response to the proposed increase on certain Chinese goods imported into the U.S. While this may have limited immediate impact on LNG exports from the United States for LNG plants that have already been constructed (there have been only two cargos of LNG sold to China from the United States this year), it has the potential to slow the growth of LNG exports, including reduced LNG off-take and equity investments in the United States from Chinese entities. China is currently the largest importer of LNG in the world, having surpassed Japan in 2018. The U.S. is projected to be the third-largest LNG exporter, with much of those exports forecasted to go to China.

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A New Roadmap: CFTC Releases Its First-Ever Public Enforcement Manual

On May 8, 2019, the Commodity Futures Trading Commission (CFTC) Division of Enforcement (DOE or Division) released its first publicly available Enforcement Manual. The Manual provides an overview of the Division and sets out the general policies and procedures that guide its Staff in detecting, investigating and prosecuting violations of the Commodity Exchange Act (CEA) and Commission regulations. According to its simultaneous press release, in publishing the Manual the CFTC intends to “increase transparency, certainty, and consistency, and, more generally, to advance the rule-of-law principles that underpin all DOE and CFTC enforcement actions.”

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2019 Cross-Border Energy Update: U.S., Canada and Mexico

Thursday, June 13, 2019
Hilton Post Oak | 2001 Post Oak Blvd | Houston, TX
8:00 a.m. – 8:30 a.m. Registration and Networking
8:30 a.m. – 11:30 a.m. Program / Breakfast will be served

Join representatives from three countries for a discussion of issues currently impacting energy trade among the U.S., Canada and Mexico. Led by representatives of BLG (Canada), Creel (Mexico) and Sidley (U.S.), this half-day program will explore:

  • The prospects for eliminating transportation bottlenecks from Canada to the U.S., including Keystone XL and Enbridge Line 3
  • The future of gas transportation to Mexico in light of delays in cross-border pipelines and the change in government in Mexico
  • Key issues in cross-border oil and gas sales, including re-export of US-origin gas as LNG
  • The current and likely future impact of trade actions by each of the three governments, including the uncertain future of the United States-Mexico-Canada Agreement (USMCA) and impacts of steel tariffs

With the value of energy trade between the U.S. and its North American neighbors exceeding US$125 billion in 2017 and continued optimism for growth opportunities through 2019, our panelists will discuss the critical issues and offer perspectives for all participants in the North American market.

FEATURED SPEAKERS

CLE credit is pending for this program.

To register, or for more information, please contact hnevents@sidley.com.

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Sidley Environmental Trends

Topics discussed this week include:

  • Clean Water Act groundwater case settlement proposed, potentially ending Supreme Court review
  • EPA issues draft interim cleanup guidelines for PFAS in groundwater
  • EPA reaffirms its stance that glyphosate does not pose risk to human health and is not carcinogenic
  • Virginia will not join Regional Greenhouse Gas Initiative
  • Federal Energy Regulatory Commission issues certificate for natural gas pipeline expansion in Northeast

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2019 Spring Energy & Commodities Conference

Thursday, April 25, 2019
Sidley Austin | 1501 K Street N.W. | Washington, D.C. 20005
11:30 a.m. – 1:00 p.m. Registration / Lunch & Keynote
1:00 p.m. – 5:30 p.m. Program
5:30 p.m. – 7:00 p.m. Networking Reception

Government shut-down, climate change, inverse condemnation, energy & commodity regulation and enforcement – 2019 looks to be a pretty tumultuous year with lots of change.

Please join us for an in-depth discussion on evolving regulatory, transactional and business issues facing U.S. and international energy and commodities market participants.

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Sidley Environmental Trends

Topics discussed this week include:

  • Courts dismiss challenges to advisory panel membership policy.
  • Groups sue EPA for overdue spill regulations.
  • Environmental groups threaten suit over oil dispersant guidelines.
  • Court: Clean Air Act does not preempt odor nuisance claims.
  • Court holds that long-defunct companies may still face CERCLA liability.
  • New York close to banning plastic bags.
  • Environmental groups sue Iowa, asserting constitutional right to clean water.
  • Court strikes down Arctic drilling executive order.
  • Court rejects foreign policy objection to denial of Clean Water Act certificate.

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