Mothballing a liquefaction plant is no trifle. If you ran one you would think way more than only twice before shutting yours down. Let’s run the numbers for a US-based producer. Shutting down won’t affect CAPEX service so that’s no factor. Shipping has been contracted for the longterm too so that’s no factor and regasification is built and won’t go away as well. So its down to OPEX (part of it) and the gas price. As long as feedgas is above the market they should not even think about shutting in. But if US plants stop consuming gas, HH may go down even further and every plant operator will wait for the other ones to shut in first. Don’t hold your breath.
A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting shipments to get supply and demand back in balance.