The escalation of the trade war between the US and China could jeopardize several LNG mega projects that are awaiting final approval, according to Rystad Energy. China announced on Monday that it will raise the duty on imports of US liquefied natural gas (LNG) to 25% from the previous level of 10% in retaliation to the US increasing its tariffs on $200 billion worth of Chinese goods. Rystad Energy forecasts that Chinese LNG demand will reach 95 million tonnes per annum (tpa) in 2025, up from 53 million tpa in 2018. This would make China the world’s largest LNG importer. The US, on the other hand, is the fastest ... (full story)