Weak LNG prices and unfavorable economics for deliveries to Asia and Europe suggest US export volumes will remain depressed through much if not all of the summer and perhaps beyond. Operators are pulling forward maintenance, shutting down units and working to control costs as they seek to manage the lower production levels that are symptomatic of reduced global demand and trade flow disruptions due to the coronavirus pandemic. With the number of cargo cancellations reported for July approximately double the count for June, and questions about the extent of a possible recovery in August, the US market is expected to face pressure for the foreseeable future. Fixed-fees that exporters receive when shipments are canceled will blunt the pain. But […]