Jones Act Waiver Could Cut Pressure On New England Gas Markets — Panjiva
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Jones Act Waiver Could Cut Pressure On New England Gas Markets

Energy - Conventional 468 Energy - Natural Gas 164 Mode - Seaborne 1845 Mode - Tanker 187 U.S. 5399

The Trump administration may grant a waiver from Jones Act shipping rules for liquefied natural gas tankers. By restricting intra-U.S. LNG shipments to U.S.-owned the Act may be leading to worse-than-necessary bottlenecks in winter gas supplies to the U.S. Northeast. While the U.S. has become a net exporter of LNG since Jun. 2016 there was still a 21.6% year over year growth in LNG imports in the first two months of 2019. Moves to repeal the Jones Act have been blocked in the past, though a partial suspension could help LNG tanker operators including Teekay, Mitsui-OSK and NYK Line.

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