Insight
APAC Energy Buzz: As US LNG cancellations kick in, Asian buyers are sticking to the script, for now
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Report summary
Attracted by an alternative to oil-indexed pricing and inherent flexibility, energy companies from across Asia Pacific helped underpin the phenomenal growth of US LNG export capacity. But the global gas market today looks vastly different to when Asian buyers first signed US deals. The economic chaos of coronavirus has cratered demand and worsened LNG oversupply, pushing global gas prices even lower. Over the past month, European spot prices have traded below Henry Hub and US supply is out of the money. Multiple US cargoes are now being cancelled. What does this mean for Asian buyers?
Table of contents
- US LNG supply bracing for reduced output
- Are the cracks starting to show for Asian buyers?
- But let’s look for the positives
Tables and charts
This report includes 2 images and tables including:
- Feedgas into US LNG facilities - supply falling as capacity rises
- US LNG cargoes by destination
What's included
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