US-China tensions likely to prompt shift in crude, LNG flows

Amid the ongoing trade war between the Trump Administration and China, Beijing announced it is prepared to impose tariffs of up to 25 percent on U.S. energy exports. China is now a major buyer of both U.S. oil exports and LNG and has been importing an increasing amount of both. A Petroleum Economist article states analysts and industry officials believe the Chinese tariffs could negatively affect the growth of U.S. oil and LNG exports and projects and could cause Chinese companies to turn to other suppliers.

 

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