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U.S. LNG exporters face headwinds due to trade war with China

From reuters.com

The U.S. trade war with China has dozens of developers of liquefied natural gas export terminals scrambling to find other buyers, now that the fastest-growing market for the fuel is out of reach. U.S. shipments of LNG to China hit a record in 2017 but have already dropped to next-to-nothing so far in 2019. Then on Monday, China said it would raise tariffs on U.S. LNG imports to 25% on June 1 from the current rate of 10%, retaliating against Washington’s increase in tariffs on $200 billion of Chinese goods last week. The tariffs are discouraging Chinese customers from signing long-term deals with U.S. suppliers, ... (full story)

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  • Category: Fundamental Analysis