Depressed global demand and low prices to blame Outlook suggests summer trend could spread to fall The biggest US LNG export terminal saw its lowest utilization in 16 months as the market disruption triggered by depressed global demand and ultra-cheap international prices continued to take a toll on feedgas demand. The lower than expected gas deliveries into key terminals such as Cheniere Energy’s Sabine Pass in Louisiana in the first half of June have led some traders who spoke to S&P Global Platts to believe that the number of cargo cancellations for the month could actually have been higher than initially reported. These trends have hit participants along the LNG value chain, from the wellhead to the end-user. Cash prices for next-day flows fell across the board in the US Southeast on June 15, with most […]