Global gas is facing a demand hit from the coronavirus pandemic and a structural oversupply in the LNG market

Global gas is facing a demand hit from the coronavirus pandemic and a structural oversupply in the LNG market following the startups of new LNG export projects in Australia and the U.S. At present, 2020 is looking to be a rough year for LNG projects seeking FIDs, particularly those projects with final decisions delayed from 2019—which was itself a record year for LNG FIDs. However, strategists have warned that balking at too many prospective LNG projects will undermine supply/demand fundamentals in the next decade. The crisis surrounding the pandemic could serve as more of a balancing mechanism for LNG supply rather than a bottleneck—over the medium-term, at least. After the 2020s, however,

LOG IN to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to three free articles.

2) SUBSCRIBE to Global Energy Infrastructure and gain ACCESS to premium content for the energy industry.*

 

*Access will be granted the next business day.

Related Articles

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}