POST Online Media Lite Edition


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.

Article continues below


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).

What to read next

LNG demand to grow much faster than gas demand
U.S. LNG exports to Europe increase, but to China decrease
Australia becomes world's largest LNG exporter