Cyclone causes LNG loading delays in Australia
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). ■