With China leading that growth, signing deals with its companies is viewed as imperative to get larger projects done. The recent decision by Reuters to delay its Louisiana -based Chinese liquified natural gas (LNG) export project for a year , amid dwindling interest from Magnolia customers, has cast a pall over the future of the LNG industry. The trade spat between the US and China , which saw 10% tariffs slapped on Beijing LNG imports the mid-2020s , 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 Beijing won't agree to any more deals until the trade war is resolved.
The recent decision by Reuters to delay its Louisiana -based Chinese liquified natural gas (LNG) export project for a year , amid dwindling interest from Magnolia customers, has cast a pall over the future of the LNG industry. The trade spat between the US and China , which saw 10% tariffs slapped on Beijing LNG imports the mid-2020s , 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 Beijing won't agree to any more deals until the trade war is resolved.