But second-wave newcomers like Tellurian Inc, NextDecade Corp and Venture Global LNG face a range of challenges from financing to contract pricing to pipeline access, experts told Reuters. The recent decision by Australian LNG Ltd to delay its Louisiana - based Magnolia liquified natural gas ( LNG ) export project for a year , amid dwindling interest from Chinese customers , has cast a pall over the future of the LNG industry . The trade spat between the US and China , which saw 10 % tax slapped on US LNG imports last year , could put several expansion deals in jeopardy . LNG demand is set to reach between 360 - 450 million metric tonnes by the mid-2020s , driven mostly by China , but sources claimed China wo n't agree to any more deals until the trade war is resolved .
The recent decision by Australian LNG Ltd to delay its Louisiana - based Magnolia liquified natural gas ( LNG ) export project for a year , amid dwindling interest from Chinese customers , has cast a pall over the future of the LNG industry . The trade spat between the US and China , which saw 10 % tax slapped on US LNG imports last year , could put several expansion deals in jeopardy . LNG demand is set to reach between 360 - 450 million metric tonnes by the mid-2020s , driven mostly by China , but sources claimed China wo n't agree to any more deals until the trade war is resolved .