No export cargo cancellations have been reported from US LNG terminals so far for the month of December, a first since the shake-up in global demand resulting from the COVID-19 pandemic this past spring.
This follows minimal (<5) cancellations expected in the month of November, which will already promote higher terminal utilization in coming weeks.
With JKM recording a price of $6.72/MMBtu yesterday and other international LNG benchmarks also trading above $5, the economics are present for US LNG exports to run at full tilt going into winter.
Source : Gelber & Associates
Follow on Twitter: [tfws username=”GelberCorp” height=”GelberCorp” width=”GelberCorp” theme=”GelberCorp” color=”GelberCorp” tweets=”GelberCorp” header=”GelberCorp” footer=”GelberCorp” borders=”GelberCorp” scrollbar=”GelberCorp” background=”GelberCorp”]
