Trump Simply Gave China A ‘Sledgehammer’ To Break The Lng Monopoly

“U.S. LNG export forecastSalisbury said he believes Beijing’s real goal is to break the Qataris’ monopoly over setting Asian LNG prices.
The Qataris have been forced to renegotiate contracts in light of falling Asian LNG prices and new competition.
They just have to have that sledgehammer in their pocket when they go to negotiate their other contracts”The mere prospect of China buying more of the fuel from the United States stands to upend the global LNG market.
Cheniere Energy currently operates the only LNG export terminal in the lower 48 states, but four others are under construction in Texas, Louisiana and Maryland.
In Asian markets, most LNG is sold in long-term contracts, with prices indexed to the price of oil.

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