# Buyers of US LNG to cancel 40-45 cargoes for August loading - Markets - Business Recorder

> Reuters sources expect buyers to cancel 40 to 45 US LNG cargoes for August loading, matching the July count, after 20 to 30 were cancelled for June. European gas premiums over Henry Hub are too narrow to make US cargoes profitable.

- Date: 2020-06-22 · published 2020-06-22T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/52799-buyers-of-us-lng-to-cancel-40-45-cargoes-for-august-loading-markets-business
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Heavy LNG cancellations keep US gas volumes shut in, adding to domestic storage overhang and pressuring Henry Hub. Lower US gas prices weigh on energy and fertilizer costs for feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-07-21 | [Weak Demand Forces Buyers To Cancel U.S. LNG Cargoes \| OilPrice.com](https://feedsoft.ai/events/52292-weak-demand-forces-buyers-to-cancel-u-s-lng-cargoes-oilprice-com.md) | +6.9% | +39.1% |
| NATGAS | 2020-03-09 | [Force majeure notices from Chinese LNG buyers: prelude to a renegotiation? - Oxford Institute for Energy Studies](https://feedsoft.ai/events/54318-force-majeure-notices-from-chinese-lng-buyers-prelude-to-a-renegotiation-oxford.md) | +9.8% | -10.1% |
| NATGAS | 2020-03-10 | [US LNG developers try to ride out market turmoil with China's door shut \| S&P Global](https://feedsoft.ai/events/54313-us-lng-developers-try-to-ride-out-market-turmoil-with-china-s-door-shut-s-and-p.md) | +5.3% | -4.2% |
| NATGAS | 2020-05-13 | [Factbox: US gas markets see minimal upside from rising global LNG prices \| S&P Global](https://feedsoft.ai/events/10445-factbox-us-gas-markets-see-minimal-upside-from-rising-global-lng-prices-s-and-p.md) | +10.6% | +5.1% |
| NATGAS | 2019-12-27 | [European LNG Imports Hit Record Levels as Global Market Shifts](https://feedsoft.ai/events/55766-european-lng-imports-hit-record-levels-as-global-market-shifts.md) | -4.3% | -10.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40000077

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.