Cargo cancellations mount at US LNG terminals, no quick recovery in sight

Thursday, 02 July 2020

This summer, the Covid-19 pandemic is driving a global contraction in LNG deliveries – the first seasonal contraction in eight years. US LNG exports are particularly hard hit, with nearly 130 cargo loadings cancelled since April 2020, according to Platts data, including 40 liftings that would have been scheduled for July and around the same number for August. About two dozen of the cargo cancellations are understood to be tied to Cheniere’s Sabine Pass LNG and Corpus Christi LNG plants, and analysts say a return to stronger growth is unlikely until mid-2021.

Subscriber content

This content is available only to subscribers
please log in below or subscribe now / request a free trial