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Analysts: Tariffs price US out of LNG market
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China Daily > HomePage
Experts say levies inject uncertainty into an industry where certainty is keyChina's tariff on exports of US liquefied natural gas (LNG) will price the US out of the Chinese market and cause a reshuffling of the global market, according to industry leaders and experts.
"These tariffs have the power to price US LNG out of the Chinese market, the second largest LNG importer in the world.
Robert Ineson, executive director of global LNG at IHS Markit, an industry and market intelligence analysis company, said the tariff will have a chilling impact beyond the US and China.
The LNG market is in Asia.
While the tariff might not necessarily push the US entirely out of China's LNG market, Ineson said that US LNG will simply go elsewhere if China's tariff on US LNG becomes effective and stays.
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