Supply outages at Cameron and Gorgon LNG depress freight rates
Monday, 05 October 2020
Strong seasonal rise in freight rates is unlikely to happen this autumn, as sustained outages at Sempra Energy’s Cameron LNG terminal in Louisiana and at Gorgon LNG Train-2 have caused a length in tonnage. Supply outages at the 13.5 mtpa Cameron facility free up an estimated 17 to 34 vessels per month, keeping freight rates subdued, and analysts expect full output to only return by the end of October.
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