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Cyclone causes LNG loading delays in Australia

Christian Fernsby |
A powerful cyclone that swept across parts of Western Australia caused disruptions to shipments of liquefied natural gas (LNG), with at least two cargo loadings being canceled, industry sources and traders told Reuters today.

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Topics: CYCLONE    LNG    AUSTRALIA   

Any disruptions to its shipments could help to halt a further slide in Asian LNG spot prices, which are at a record low below $3 per million British thermal units (mmBtu), after a fast-spreading coronavirus in China drastically cut gas demand there.

Severe Tropical Cyclone Damien crossed the coast near Dampier in Western Australia state, making landfall on Saturday afternoon and bringing gusty winds of up to 200 km per hour (125 miles per hour).


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