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.
Bloomberg has the full story. (Subscription may be required.)