May 22, 2020
The outages at Elba come as feed gas deliveries to U.S. export facilities have fallen significantly and remained below 6 Bcf since last week. That’s down from highs of 9 Bcf/d earlier in the year as global gas prices plummet and pressure the economics of shipping U.S. LNG overseas. More than 30 U.S. cargoes have been canceled for June delivery, according to ship broker Poten & Partners, while nearly as many are expected in each month through October.
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