US-China trade war delays FID on Magnolia LNG development

LNG Limited said yesterday it has delayed a final investment decision to next year on its Magnolia LNG development in Louisiana in the States thanks to growing trade tensions between the US and China and the 10% tariff slapped on American-origin LNG by Beijing.

US-China trade war delays FID on Magnolia LNG development US-China trade war delays FID on Magnolia LNG development US-China trade war delays FID on Magnolia LNG development US-China trade war delays FID on Magnolia LNG development US-China trade war delays FID on Magnolia LNG development
 
When up and running the plant would supply 8 million tonnes per annum of LNG and the company had earlier said FID would occur within 2018.