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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on May 15, 2019 at 11:13

The Chinese are buying less of our LNG but it is not as serious a problem as that facing the farmers, automakers, etc.  Basically all industries and businesses that use steel and aluminum have increasing costs and declining income.  Now if this was happening say three to four years from now when there was three or more times the volume of LNG being exported, that would be a big problem.  This is a boon to LNG buyers now that long term contracts are history.  Spot prices will fluctuate quite a bit and pose an opportunity for buyers.

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