22 Apr 2020 | 02:45 UTC
Infographic: Global LNG markets brace for unprecedented shock in 2020 on COVID-19
The spread of coronavirus across the world has generated an unprecedented global health and economic crisis, and presented the LNG industry with a demand shock like no other in its history.
The outbreak has hit global LNG demand, incited contract disputes, disrupted trade flows and derailed project investment plans amid uncertainty over the length and depth of the crisis.
With cargo deferments and cancellations leading to a flurry of spot supply tenders and widespread national lockdowns offering little demand support on the horizon, curtailments at production facilities are seen as the only way to help rebalance demand and supply.
