Google flags US national security risks from Huawei ban

Google’s move comes as the world’s two top economies ratchet up tariffs in a battle over what US officials call China’s unfair trade practices. (File/AFP)
Updated 07 June 2019
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Google flags US national security risks from Huawei ban

  • The move comes as the world’s two top economies ratchet up tariffs in a battle
  • While the sanctions are expected to hurt Huawei in the short term, industry experts say it could force the company to be self-reliant

Alphabet Inc’s Google has warned if the US administration moves ahead with sweeping ban on Huawei Technologies Co. Ltd, it risks compromising national security, the Financial Times reported on Thursday.
Google’s move comes as the world’s two top economies ratchet up tariffs in a battle over what US officials call China’s unfair trade practices.
While the sanctions are expected to hurt Huawei in the short term, industry experts say it could force the company — and other Chinese firms — to become self-reliant by developing more home-grown technologies, hurting the dominance of American companies such as Google in the longer term.
Google in particular is concerned it would not be allowed to update its Android operating system on Huawei smartphones, which it argues would prompt the Chinese company to develop its own version of the software, FT reported, citing people briefed on Google’s lobbying efforts.
The search giant argued a Huawei-modified version of Android would be more susceptible to being hacked, the newspaper said.
The US administration in May added Huawei to a trade blacklist. The move put Huawei and 68 affiliates in more than two dozen countries on the Commerce Department’s so-called Entity List.
Google and the US Department of Commerce were not immediately available for comment on the report.


Italian and Chinese majors vie for Pakistan’s mega LNG tender

Italian energy company Eni is among the bidders for a massive LNG tender from Pakistan. (Reuters)
Updated 4 min ago
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Italian and Chinese majors vie for Pakistan’s mega LNG tender

  • The country’s biggest supplier currently is Qatar, with which it signed a deal in 2016 for 3.75 million tons of LNG a year for 15 years

LONDON: Italian oil major Eni, China’s overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan in a tender worth billions of dollars.
The 240-cargo 10-year tender, worth up to $6 billion according to Reuters, was issued last month and closed on Thursday.
Pakistan is expected to be a significant top-five growth driver in global LNG demand, with WoodMac estimating the country will need 25 million tons a year as domestic supplies dwindle and its economy grows.
Eni, the trading arm of Azeri state oil company SOCAR, PetroChina International Singapore, a unit of PetroChina Co. Ltd. and global trading house Trafigura have reportedly all made offers.

HIGHLIGHTS

• Tender is to buy 240 LNG cargoes for 10 years.

• Deal worth billions at current oil price.

• Tender to be awarded in August.

“The technical bids for our long-term LNG supply tender were received and opened yesterday. Evaluations are underway,” Pakistan LNG said in emailed comments to Reuters.
The tender is keenly watched due to its size and because Pakistan, gripped by an anti-corruption drive under the government of Prime Minister Imran Khan, is expected to publish the lowest prices offered by the companies.
This will give a valuable insight into the opaque LNG market, which is characterized by closed bilateral trades, secret long-term supply agreements and an over-the-counter spot market.
Commercial offers are expected to be opened on Aug. 2, said a source, which is when tender issuer Pakistan LNG is likely to announce the prices.
Pakistan, like most Asian buyers, purchases LNG priced against Brent crude oil expressed as a price slope.
The country’s biggest supplier currently is Qatar, with which it signed a deal in 2016 for 3.75 million tons of LNG a year for 15 years. It also has a separate 15-year agreement with Eni.