The biggest US liquefaction facility received record high feedgas deliveries during the week ended Oct. 18, while another major export terminal prepared to resume operations after a lengthy outage. Those developments came as Europe was awash in LNG cargoes, even as FOB and delivered European prices remained depressed. While market participants were floating cargoes, in hopes of landing better netbacks in winter months, freight economics and tight ship and regas slot availability was making that difficult. Even so, dozens of tankers, many from the US, were in the Atlantic seeking to land in Europe, as the continent prepared for peak demand season. The Platts Gulf Coast Marker for US FOB cargoes loading 30-60 days forward was assessed at $18.25/MMBtu Oct. 18, up 30 cents/MMBtu since the beginning of the week. GCM was assessed at a record high above $70/MMBtu in late August. Feedgas deliveries to major US liquefaction terminals […]