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China’s Tariff Moves Could Derail U.S. LNG Expansion
China is widely expected to stop buying U.S. LNG on the spot market and seek to swap American cargoes from elsewhere after it announced a 15% tariff on U.S. liquefied natural gas in response to the 10% American tariffs across the board. Chinese buyers could also become more hesitant to commit to long-term contractual supply for U.S. LNG from projects expected to make final investment decisions in the coming years, analysts and industry representatives say. If the U.S.-China trade dispute escalates, Chinese buyers may not be willing…