As expected, China yesterday retaliated against the U.S. after President Trump announced a list of another US$200 billion worth of Chinese goods that will be subjected to tariffs, and slapped tariffs on US$60 billion worth of U.S. products, including liquefied natural gas. Although the tariff was only 10 percent, rather than the initially threatened 25 percent, it is still bad news for U.S. LNG producers. LNG is an emerging export market for U.S. natural gas producers, and one of their most important tasks at the moment is to secure enough long-term LNG purchase commitments in order to generate enough funds to build new LNG and export capacity. China is widely seen as the major driver for future LNG demand as Beijing’s anti-pollution fight focuses on a shift from oil to gas, including LNG. Wood Mackenzie reported earlier this week that China’s LNG imports this year could hit 52 million […]