UPDATE 1-Buyers in Asia and Europe cancel around 20 U.S. LNG cargoes for June loading -sources [Reuters]
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Source: Reuters
Buyers in Asia and Europe cancel around 20 U.S. LNG cargoes for June loading: sources SINGAPORE/LONDON (Reuters) - 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 on Wednesday. The cancellations came as the coronavirus pandemic dampened gas demand around the world, with gas and LNG prices tumbling to record lows. 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. One of them said 10 different companies cancelled a total of 17 cargoes from the Cheniere projects, with five from the Freeport plant in Texas. Another source confirmed that at least three companies cancelled Freeport cargoes. It could not be immediately confirmed if Freeport cancellations are for June or May loading. Cheniere said it would not comment on commercial discussions with its customers and added
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