US LNG producers fear more price drops as they await China buys under Phase 1 deal

In:

Oil & gas

Region:

Americas, Asia-Pacific

China has restarted talks with US liquefied natural gas marketers to buy more LNG but fears remain that any purchases may come too late to keep natural gas prices from falling further due to a glut of global supply.China pledged this month to buy an additional $18.5 billion in US energy products...

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