Cheniere’s cancelled cargoes show LNG challenge for China’s phase 1 commitments — Panjiva
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Cheniere’s cancelled cargoes show LNG challenge for China’s phase 1 commitments

China 3048 Energy - Conventional 468 Energy - Crude Oil 311 Energy - Natural Gas 164 Trade Deals 1017 U.S. 5399

U.S. liquefied natural gas exporters are facing challenges from falling oil prices which have made their supplies less competitive in Asia. Indeed, Cheniere’s CEO, Jack Fusco, has confirmed that “we have had customers elect to cancel some additional cargoes”, though long-term contract commitments are still being fulfilled. China’s LNG imports dipped 12.5% lower year over year in April as a result of lower prices, making delivery of its phase 1 trade deal commitments more challenging. In March, China’s purchases of U.S. energy products amounted to just $356 million compared to a phase 1 t...

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