# U.S. LNG Said Taking 'New Role of Swing Supplier'

> IHS Markit says US LNG export terminal utilization has fallen to about 65% and could drop below 50%. Roughly 130 cargoes could be cancelled between May and October as European and Asian prices slip toward Henry Hub levels. Feed gas deliveries fell from about 9 Bcf/d earlier in the year to below 5 Bcf/d in May before partly recovering.

- Date: 2020-05-28 · published 2020-05-28T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/53323-u-s-lng-said-taking-new-role-of-swing-supplier
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower US LNG exports reduce demand for Henry Hub gas, which is bearish for US natural gas prices. Volatile feed gas flows add price uncertainty for energy-intensive feed and fertilizer costs.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-09-19 | [Wood Mackenzie on China's new retaliatory tariff on US LNG](https://feedsoft.ai/events/63218-wood-mackenzie-on-china-s-new-retaliatory-tariff-on-us-lng.md) | +4.5% | +9.7% |
| NATGAS | 2022-06-14 | [U.S. efforts to help supply Europe with natural gas take a hit.](https://feedsoft.ai/events/6802-u-s-efforts-to-help-supply-europe-with-natural-gas-take-a-hit.md) | -23.8% | -24.1% |
| NATGAS | 2021-12-23 | [European Gas Plunges as Recent Rally Lures Flotilla of U.S. LNG](https://feedsoft.ai/events/43788-european-gas-plunges-as-recent-rally-lures-flotilla-of-u-s-lng.md) | -6.9% | +2.3% |
| NATGAS | 2020-06-22 | [Buyers of US LNG to cancel 40-45 cargoes for August loading - Markets - Business Recorder](https://feedsoft.ai/events/52799-buyers-of-us-lng-to-cancel-40-45-cargoes-for-august-loading-markets-business.md) | -7.6% | +6.2% |
| NATGAS | 2019-02-27 | [Novatek, Shell see Russian gas keeping edge in Europe over U.S](https://feedsoft.ai/events/60789-novatek-shell-see-russian-gas-keeping-edge-in-europe-over-u-s.md) | +8.3% | -2.0% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/us-lng-said-taking-new-role-of-swing-supplier/

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