The U.S. Trade Representative (USTR) has relaxed its proposed penalties and port fees targeting non-U.S.-built liquefied natural gas (LNG) tankers and car carriers.
In its revised proposal, USTR dropped a key LNG-related rule that would have penalised exporters for not transporting a portion of LNG on U.S.-built and U.S.-operated ships.
It also reduced port fees for foreign-built roll-on/roll-off (RoRo) car carriers and exempted vessels that are part of the U.S. Maritime Security Program (MSP) or that serve the U.S. military.
The earlier proposal had required LNG producers to ship at least 1% of their exports on U.S.-built vessels starting April 2029. The share was set to increase gradually to 15% by April 2047. The new version removes language suggesting that LNG export licenses could be suspended for not meeting these requirements.
The American Petroleum Institute approved of the revisions. Its Vice President of Natural Gas Markets, Rob Jennings, was quoted in media reports
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