The natural gas market is emerging from winter relatively unscathed despite potentially disruptive Chinese tariffs on U.S. gas. But the ongoing trade dispute is still putting a chill on cooperation between the two energy powerhouses and threatens to sideline billions in investment.
Chinese tariffs on U.S. natural gas have halted Beijing's purchases of U.S. LNG, a form of the fuel chilled to liquid form for transport by sea. The trade dispute has also delayed at least one LNG export terminal slated for construction in Louisiana and threatens to push back the start date for other facilities.
In the long-run, analysts say it's inevitable for gas trade to resume between China and the U.S. China is the engine behind growing LNG demand, while the U.S. is the world's top natural gas producer.