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Buyers of U.S. LNG cancel September cargoes but pace slows, sources say

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Buyers of liquefied natural gas (LNG) from the United States continued scrapping September loadings due to weak global gas demand but fewer cargos were cancelled than for the two previous months, industry sources said on Tuesday.

FILE PHOTO: The LNG tanker"Clean Ocean" is pictured during the first U.S. delivery of liquefied natural gas to LNG terminal in Swinoujscie, Poland June 8, 2017. Agencja Gazata/Cezary Aszkielowicz via REUTERSTwo of the eight sources said as many as 25 or 26 cargoes might have been cancelled for September, while one source estimated 15 to 20 cargoes and another said it was less than 20. Some sources suggested more than 26 cargoes were scrapped.

Although the number of cancellations slipped in September, the level still showed the market was severely oversupplied.

 

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