Big LNG Rebound Coming in Early 2021, Asia Demand Way Up

Last year dozens of contracted U.S. LNG export cargoes got canceled during the pandemic (see US LNG Export Cargoes Canceled as Coronavirus Destroys Demand and May NatGas Deliveries to US LNG Plants Lowest Since Last October). In late June the U.S. Energy Information Administration predicted it would be third or fourth quarter 2021 before the U.S. would achieve the same level of exports as the all-time high levels of 1Q20 (see EIA Says U.S. LNG Exports Fall by Half in 2020, Recovery Late 2021). The outlook for LNG exports has suddenly and dramatically changed, for the better.

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