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.