Donald Trump’s trade war with China is starting to scare away oil and gas investments, as new trade barriers clouds the long-term outlook on exports. Australia LNG announced that it would delay a final investment decision on its Magnolia LNG plant in Louisiana until next year, citing trouble securing enough buyers in China. “We remain confident in our ability to reach (final investment decision) on Magnolia whether or not China participates,” CEO Greg Vesey said in a tweet, before arguing that “multiple opportunities with customers in Europe and Asia exist, and our discussions with them are proceeding well.” His company might still move forward, but will need to find buyers elsewhere because the U.S.-China trade war shows no signs of abating, at least as of now. The Trump administration has implemented two rounds of tariffs on China. The first round consisted of about $50 billion in tariffs on Chinese […]