U.S. LNG Cancellations Swell With Storage Space Vanishing

U.S. LNG Cancellations Swell With Storage Space Vanishing

At least some cargo cancellations would translate into production curbs that could provide some respite from the global glut that has pushed prices to record lows.. Cheniere may also cancel some of its own cargoes, which it typically sells into the spot market, the people said.. For June , buyers told Cheniere that they would not lift at least 10 cargoes.. Requests have been made to cancel shipments from both the Sabine Pass and Corpus Christi plants in the U.S.. Buyers from Europe to Asia have also made requests to cancel July loading shipments from other American projects, including from Sempra Energy's Cameron terminal in Louisiana and Freeport LNG Development LP's Texas project, according to the people.. LNG cargo cancellations may be starting to feed into actual production curbs as natural gas flows to U.S. export plants plummeted to their lowest level in seven months.. Most of Cheniere buyers had to submit requests to cancel July loading shipments by Wednesday.. China's Got a New Plan to Overtake the U.S. in Tech.