Monday, August 24, 2020

Platts Commodity Tracker: 4 charts to watch this week

From S&P Global Platts: 
2. Asian netbacks rally triggers increased US LNG activity

Gas deliveries US LNG terminals
What’s happening? US Gulf Coast LNG netbacks from Northeast Asia are rallying, incentivizing a ramp-up in activity at liquefaction terminals. Feedgas deliveries to the six major US export terminals recently reached the highest level since early June but were still down by about 50% since a record volume in March.

What’s next? Considerable downside risk remains in the cards should early-winter Asian demand disappoint, which could see a wave of cargoes flow back to Europe mid-winter....