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 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% tariffs slapped on US LNG imports last month, 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.