Wood Mackenzie on China's new retaliatory tariff on US LNG

Wood Mackenzie says China was the second-largest buyer of US LNG in the 12 months to June 2018, but Chinese purchases have fallen as the trade dispute escalated. China's retaliatory tariff on US LNG is 10%, lower than the 25% first proposed in August.

Winter cargo purchases are largely complete, so the short-term market impact is seen as limited.