Novatek cancels 45 LNG cargoes from U.S.
6/25/2020
More than 45 cargoes with LNG have been cancelled from the United States so far in June due to a negative impact from the COVID-19, Mark Gyetvay, Chief Financial Officer of Russia’s Novatek, told an online conference.
Gyetvay said in February, 2 LNG cargoes from the United States were cancelled, while in April the number rose to 25 and to over 35 in May.
He also said natural gas prices have been driven down more by warmer weather than the spread of the novel coronavirus. (Reporting by Vladimir Soldatkin; editing by David Evans)
Sign up to Receive Our Newsletter
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years
Comments