Buyers in Asia and Europe cancel around 20 U.S. LNG cargoes for June loading
4/22/2020
Buyers in Asia and Europe have cancelled the loading of around 20 cargoes of liquefied natural gas (LNG) in the United States in June, four trade sources said.
The majority of the cargoes were cancelled from Cheniere Energy’s plants, Sabine Pass in Louisiana and Corpus Christi in Texas for June loading, the sources said.
Several cargoes were also cancelled from the Freeport plant in Texas. It could not be immediately confirmed if Freeport cancellations are for June or May loading.
The cancellations came as the coronavirus pandemic dampened gas demand around the world, with gas and LNG prices tumbling to record lows. (Reporting by Jessica Jaganathan in SINGAPORE and Ekaterina Kravtsova in LONDON. Editing by Jane Merriman)
Sign up to Receive Our Newsletter
- U.S. ethane exports to China hit new roadblock with license requirement
- Australia clears Woodside to run North West Shelf LNG plant to 2070
- Egypt agrees to buy up to 160 LNG cargoes through 2026
- Shell to add up to 12 MMt of additional LNG capacity by 2030
- Siemens and TURN2X join forces to scale up green energy production
Comments