The U.S.-China trade war is throwing off a new liquefied natural gas production plant in North America, as LNG Ltd. loses Chinese customers. Australia-based LNG Ltd. saw its share prices plunge 29 percent after CEO Greg Vesey discussed the problem in a quarterly report. LNG Ltd.’s Magnolia plant in Louisiana was counting on Chinese investors to ramp up its capacity of reaching 8 million tons per year of LNG. The company will now be delaying a final decision on whether to build the U.S. plant. The company had been planning to build two plants — Magnolia, where it planned to begin exports in 2022, and another in Nova Scotia, Canada. China is a leading global market for LNG. Energy consulting firm Wood Mackenzie forecasted that the market would see its record 8 mt demand last year shoot up to 12 mt this year. That will account for 50 percent […]