Cargo cancellations by contractual offtakers of US LNG volumes could be triggered due to falling European gas and LNG prices, muted demand in Asia and the growing number of vessels acting as floating storage, according to market sources polled by Energy Intelligence. This would be the first time such a wave of cancellations could occur since the summer of 2020, when spot prices were hovering at around $2 per million Btu due to the effects of the Covid-19 lockdown measures. Given that contractual buyers of US LNG must give advance notice about their intention to cancel a cargo up to two months ahead of the loading ... (full story)