Natural Gas Intel: U.S. LNG Cargo Cancellations Increasing as Export Outlook Dims

May 7, 2020

Shipbroker Poten & Partners told NGI that it now expects up to 33 cargoes on the Gulf Coast alone to be canceled in June, compared to a previous estimate of about 25, and cancellations could persist well beyond mid-year. NGI calculations show key European and Asian gas benchmarks trading at around the same price or below Henry Hub through October.

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