The U.S.’s largest exporter of LNG has said that deals for the supercooled fuel with China are on hold until both countries resolve a trade spat that has disrupted the shipping of goods from soyabeans to medical equipment.
Eric Bensaude, a top executive at Houston-based Cheniere Energy Inc. (NYSE American: LNG), said negotiations with Chinese importers, among the most important buyers in the LNG market, are on ice since political relations have worsened.
President Donald Trump’s top economic adviser has said that talks to end a tariff war between the world’s two most powerful economies could carry on for “months,” in the latest sign of a lack of traction in negotiations.
Bensaude told the Financial Times this week that Trump “is definitely making some headwinds for us to sell long-term contracts to China.”
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