US export capacity in 2020 ~62MT, while expected actual exports to be ~48MT
Cancellation of ~13MT or ~180 US cargoes
In 2021 US export capacity increases to ~71MT due to ramp up of plants in 2020 plus addition of Corpus Christi Train 3 (4.5MT) in Q1-21
EIA expect US exports of ~65MT in 2021, an increase of ~16MT which would require ~32 ships
This implies ~6MT of cargo cancellations in 2021 which is equal to ~85 cargoes
Calcasieu Pass T1-9 (10.8MT) and Sabine Pass T6 (4.5MT) to start-up in 2022
Golden Pass (15.6MT) expected start-up 2025
Source: Extract from Q3 2020 results presentation, Flex LNG
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