US LNG investment suffers as demand dwindles ...United Arab Emirates

US natural gas exports are starting to run into trouble, with dozens of shipments canceled because of weak demand. Roughly 45 LNG cargoes scheduled for export in July from US ports were recently canceled by customers, according to S&P Global Platts. About half of them are connected Cheniere Energy’s two export terminals on the Gulf Coast. The cancellations are about twice as high for July as they are for June. That puts the volume of gas exported from the US down by about a third, according to Platts. As is the case with the oil market, the global market for natural gas is suffering under the weight of the pandemic, with a sharp decre

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US LNG investment suffers as demand dwindles ...United Arab Emirates

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