At least two Louisiana LNG projects could delay final investment decisions until 2020, as trade war tensions complicate negotiations with prospective Chinese buyers, Bloomberg reports.
Bloomberg reports that in a note to clients last week, Bank of America analysts led by Julien Dumoulin-Smith wrote that they anticipate likely delays “given current pricing headwinds, no resolution yet on the U.S.-China trade war, and minimal contract announcements in recent months.” Tellurian told the publication the company still aims for a final investment decision this year.
Liquefied Natural Gas Ltd. is expected to push back a final investment decision on its Magnolia terminal to 2020 because of growing competition, Bloomberg reports.
Vessel tracking data compiled by Bloomberg indicates that China—a fast-growing market for gas—hasn’t imported any U.S. LNG since February. Thanks in part to Louisiana’s Sabine Pass terminal, the U.S. is now the third largest supplier of LNG.
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