Trade Spat Scuttles Long-Term US-China LNG Deals

摘要

The US and China will not sign any long-term LNG deals until the ongoing US-China trade war is resolved, US LNG developer LNG Ltd. (LNGL) warned on Friday. LNGL, which aims to sanction this year its four-train, 8.8 million ton per year Magnolia LNG project at Lake Charles in Louisiana, is continuing to market its LNG. The company said it will sign up customers on a “first-come, first-served basis” regardless of a buyer’s location, marking a shift from its earlier approach, targeting China for most of the project’s output.