Pandemic overhang clouds LNG uptick in second half
Liquefied natural gas trade has slowed drastically, pulled back by demand disruption linked to pandemic-triggered lockdowns and oversupply because of a warmer 2019–2020 winter in the northern hemisphere. Demand contraction has depressed LNG prices, which have already been a huge drag and look set to pull back trade and shipping rates as economies worldwide struggle
The threat of a second coronavirus wave has dampened LNG demand and depressed prices to persistently low levels, which is not supporting ramp-ups at liquefaction plants
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