As global liquefied natural gas prices nosedive, traders are bracing for the possibility that US cargoes will be canceled in the coming months. Asian LNG spot prices are down more than 85% from last year’s record highs, falling to lows not seen since May 2021. European gas prices have slumped 70% over the past year. Traders gathered at an annual energy fair in Essen, Germany, this week debated whether slumping prices and lackluster demand could trigger a supply-side response. If prices fall further, it may not make economic sense to export LNG from the US – a reversal of the situation a year ago, when prices hit ... (full story)