TradeWinds News: US LNG cargo cancellations climb with more expected

May 20, 2020

At least 57 US LNG cargoes have been cancelled by buyers and more are expected to walk away from shipments, according to broker and consultant Poten & Partners.

Wong Kit Ling, head of south Asia and Middle East for Poten’s business intelligence unit, said this was just the latest figure for the market’s summer period.

But she added: “We are expecting to see even more on the 20th, which is today, where US buyers have to meet the contractual deadline on the 20th to cancel their cargoes 60 days ahead.”

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