Depressed global demand for liquefied natural gas (LNG) continues to drive buyers of U.S. LNG to cancel cargoes for loadings in September, sources in the industry told Reuters on Tuesday. Earlier this year, when demand for natural gas across the world plunged due to the pandemic, buyers began to scrap loadings of U.S. LNG, as gas in storage from Europe to Asia was abundant after a milder winter and the coronavirus that wiped out a lot of previously expected demand. The pace of the cargo cancellations for September, however, looks to have slowed, according to Reuters’ sources who estimate that between 15 and 26 U.S. cargoes of LNG may have been cancelled. This is nearly half the expected 45 cargoes cancelled for August , with cancellations similar to the number of U.S. LNG cargoes that were canceled for July loading. For June loading, the cancellations were fewer but still […]