The cancellation of dozens of US LNG cargoes this summer is a “wake-up call” for the industry that new LNG projects will not automatically be profitable, a senior official at France’s Total said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Philippe Sauquet, Total’s president of gas, renewables and power, said in a wide-ranging interview that instead it was players such as Total with a global footprint and higher flexibility that were best placed to handle LNG demand variations. “I think the cancellation of US cargoes that we are seeing for this summer is a wake-up call for the projects that were considering to take FIDs thinking that the LNG market is a market where you just […]