U.S. LNG Behemoth Tests Slump in Sign It May Curb Production
- Cheniere issued a rare tender seeking LNG to supply Europe
- Move may indicate a paring back of output at U.S. facilities
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One of the world’s biggest liquefied natural gas exporters is signaling it may throttle back production.
Cheniere Energy Inc. has tendered to buy six shipments for delivery to Europe later this year, a rare step for a company that’s fundamentally a seller of the fuel. The company could be testing the size of the current glut as it weighs output cuts, or even seeking cargoes for its customers that could be cheaper than producing and shipping its own from the U.S. Gulf Coast, according to a Bloomberg survey of traders.