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2020-09-03 12:35:00

U.S. LNG WILL UP

U.S. LNG WILL UP

REUTERS - Aug 31, 2020 -  U.S. LNG exporters faced an adverse market in 2020 as contract customers paid to reject cargoes rather than take them amid sharply lower spot prices caused by a supply glut, but demand will begin to improve.

U.S. LNG exports fell to 3.2 Bcf/d in the third quarter from 7.9 Bcf/d in the first quarter. They may rise to 5.5 Bcf/d in the fourth quarter and 7.1 Bcf/d in first quarter 2021, the Energy Information Administration (EIA) projected in mid-August.

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