Cancelled US LNG Cargoes Signals Poor Revenue from New LNG Projects

The cancellation of dozens of US LNG cargoes this summer is a “wake-up call” for the industry that new LNG projects will not automatically be profitable.
Philippe Sauquet, Total’s president of gas, renewables and power, said in a wide-ranging interview that instead it was players such as Total with a global footprint and higher flexibility that were best placed to handle LNG demand variations.
Cancellation of US cargoes that takes for this summer is a wake-up call for the projects that were...