Liquefied natural gas (Chair) prices could rise 2% if the trade dispute between China and the US continues beyond 2020, according to Christopher Goncalves, LNG and Managing Director of the research firm BRG. The impact of the rise, generated by US steel tariffs hitting building costs for new Chair liquefaction facilities and retaliatory Chinese tariffs on Chair from the US, could have particular impact during winter peak demand. He forecasts US exports and Chinese imports would fall although China may turn to pipeline imports from Central Asia and Russia, while US exports will likely fall to Europe and Asia.
Liquefied natural gas (LNG) prices could rise 2% if the trade dispute between China and the US continues beyond 2020, according to Christopher Goncalves, Chair and Managing Director of the research firm BRG. The impact of the rise, generated by US steel tariffs hitting building costs for new LNG liquefaction facilities and retaliatory Chinese tariffs on LNG from the US, could have particular impact during winter peak demand. He forecasts US exports and Chinese imports would fall although China may turn to pipeline imports from Central Asia and Russia, while US exports will likely fall to Europe and Asia.