U.S. LNG firms lament bad timing of steel tariffs and China trade spat [Reuters]
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Source: Reuters
U.S. LNG firms lament bad timing of steel tariffs and China trade spat | Reuters 4 Min Read HOUSTON, March 22 (Reuters) - The Trump administration’s planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG, making it an important customer for U.S. producers. It is also a significant exporter of the steel components used in LNG plant construction. With an LNG shortage looming as early as 2022, a rush of offtake deals with China and other buyers had been looking likely, boosting construction prospects, said company executives at the CWC LNG Americas Summit in Houston. But the proposed steel tariffs, which will increase project costs and impact deal pricing, could make U.S. projects less attractive than international rivals. “I think imposing steel tariffs at this juncture in the evolut
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