China and the US are not heavily reliant on one another for LNG, and the impact of US tariffs on LNG trade flows has so far been limited, according to S&P Global Commodity Insights.
Over the past three years, US LNG has supplied just 4.4% of China’s total LNG imports. In the recent escalation, China has not imported any US LNG for more than 60 days.
But in a recent webinar, the US market intelligence provider warned that if the tariffs stand-off persists pressure will increase on both parties as long-term agreements will begin to be affected.
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