Transport Infrastructure
US letter allows for ethane to ship to China but not be unloaded
According to a copy of a letter and a source familiar with the issue, the U.S. informed Enterprise Products and Energy Transfer that they could load ethane onto vessels bound for China but not unload it at a Chinese port without permission. The U.S. Department of Commerce sent the letters after notifying the companies of the requirement for a license on exports of Ethane to China. A person with knowledge of the situation said that it is unlikely that the companies would risk sending the vessels on their way after loading ethane onto them. The companies may have to pay...