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Cheniere Energy said it earned $53 million in first-quarter revenue from customers that cancelled LNG cargoes and paid fees instead. CEO Jack Fusco said the company's long-term contracts do not allow renegotiation or pandemic-related force majeure.
Cargo cancellations and firm contract terms show LNG export flows are holding up under weak prices, which limits how much extra supply pressure reaches the market.
naturalgasintel.comJamison CocklinApr 30, 2020After 17 past neutral trade events, Natural Gas moved a median -0.6% over 5 sessions (47% higher; middle half -4.7% to +1.5%), and -4.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
