Original article by Matt Chambers, Perry Williams
The Australian – Page: 17 & 20 : 20-Sep-18
Saul Kavonic of Credit Suisse says China’s move to impose a tariff on LNG imports from the US will make Australian-sourced gas more price-competitive. China has announced plans to subject US LNG to a tariff of 10 per cent, which will rise to 25 per cent in 2019, in retaliation for the Trump administration’s plans for similar tariff hikes on $US200bn worth of Chinese goods. The growing US-China trade war could also increase the likelihood that proposed LNG projects in Australia and Papua New Guinea will proceed.
CREDIT SUISSE (AUSTRALIA) LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, RBC CAPITAL MARKETS, S&P GLOBAL PLATTS, CITIGROUP PTY LTD, PETROCHINA COMPANY LIMITED, IGM LIMITED, LIQUEFIED NATURAL GAS LIMITED – ASX LNG, WOOD MACKENZIE, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO