The liquefied natural gas market contracted in June with the global pandemic ending the fuel’s rapid growth streak. The global market has seen rock-bottom prices, putting pressure on the profits for the world’s gas producers, but there have been upsides. The slump has allowed gas to undercut coal, pushing up demand around the world. In China, LNG imports totaled 5.25MMt in July, up 2% from last month and 13% from a year earlier
This report aggregates research and analysis from BloombergNEF and the Bloomberg Terminal, addressing topics such as China’s July LNG imports growth, demand disruption from COVID-19, and global market expansion through new pipelines and LNG terminals.
China gas monthly: Marching toward market liberalization
Global gas markets Q&A: Short-term pain, long-term gain
Global LNG market contracts in June as virus slashes demand