Natural Gas Intel: Natural Gas Futures Fall as EIA Data Continues to Point to ‘Very Loose’ Balances

May 7, 2020

Shipbroker Poten & Partners sees cancellations continuing for the next several months as U.S. gas is now priced higher than overseas destinations. The firm has learned of cancellations from those scheduled to lift the cargoes or from those with knowledge of operations at the liquefaction terminals.

In all, Poten expects 13 cargoes to be canceled at Corpus Christi, eight at Freeport, six at Sabine Pass and another six at Cameron — all in June — with the potential for more throughout the summer and into fall. There also could be some cancellations at Dominion Energy Inc.’s Cove Point terminal in Maryland.

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