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Ongoing trade conflicts between Washington and Beijing are generating uncertainty about tariffs on Chinese-manufactured goods, prompting businesses to explore alternatives, the agency pointed out.
Pieton mentioned that Technip Energies has significant expertise in constructing modular LNG facilities with parts produced in China, Indonesia, Thailand, and the Middle East, and is now assessing the pros and cons of domestic versus foreign manufacturing.
He states that manufacturing in China provides benefits like surplus capacity and low expenses, but comes with the danger of higher tariffs. At the same time, expenses in South Korea or the Middle East are greater, yet the risk of rising tariffs is lesser.
Technip Energies serves as the engineering, procurement, and construction (EPC) contractor for the proposed Commonwealth LNG project in the U.S. and is involved in a joint venture with KBR Inc. for the Lake Charles LNG project in Louisiana. No decision has been reached regarding the location for constructing the modules for Commonwealth LNG, and a final investment choice on the LNG project is still pending.
source: bloomberg.com
Pieton mentioned that Technip Energies has significant expertise in constructing modular LNG facilities with parts produced in China, Indonesia, Thailand, and the Middle East, and is now assessing the pros and cons of domestic versus foreign manufacturing.
He states that manufacturing in China provides benefits like surplus capacity and low expenses, but comes with the danger of higher tariffs. At the same time, expenses in South Korea or the Middle East are greater, yet the risk of rising tariffs is lesser.
Technip Energies serves as the engineering, procurement, and construction (EPC) contractor for the proposed Commonwealth LNG project in the U.S. and is involved in a joint venture with KBR Inc. for the Lake Charles LNG project in Louisiana. No decision has been reached regarding the location for constructing the modules for Commonwealth LNG, and a final investment choice on the LNG project is still pending.
source: bloomberg.com