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NavigatIIR: More than $3 Billion in LNG Regasification Projects Affected by COVID-19 in Europe, Asia

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Industry Segment: Terminals | Word Count: 419 Words

SUGAR LAND--June 24, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--As of late May, exports from U.S. liquefied natural gas (LNG) plants were down by a third, and several cargoes had been cancelled by buyers in Europe and Asia for June and July, with more expected. Earlier this month, data provider Refinitiv, in a preliminary report estimated that the amount of natural gas flowing to U.S. LNG plants was on track to fall to a nine-month record low of 4.3 billion cubic feet (Bcf/d) per day, down from a record 9.5 Bcf/d in late March.

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