The going gets tougher for LNG sector
An increasing trend of more buyers deferring cargo deliveries may force suppliers to slash output. While low prices have fed expectations of a contango market supporting floating storage demand, shipping rates remain at best volatile as coronavirus-hit economies slow down
Poten & Partners’ Melanie Lovatt suggests that buyers in southern Europe may also seek to defer cargo deliveries given the drastic slowdown in demand in the region
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