There is a lot of uncertainty surrounding whether the short bump in demand for (U.S) LNG Exports will turn into a legitimate rebound.
Gas demand for LNG Exports has decreased over 50% in the past three months from 9.4 Bcf/D to 3.7 Bcf/D. July and August cargo cancellations are already weighing on LNG demand as announced cancellations rise past 70 for these two months.
If cancellations push further toward triple digits, additional pressure should keep summer demand for LNG exports stagnant.
Only as we head towards winter should a recovery start to become more and more apparent if gas prices remain low and heating demand is strong.
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