May 2020, Vol. 247, No. 5

Ramifications of COVID-19

Pandemic Impact on Global Gas Markets May Be Short-Lived

P&GJ Staff Report As crude oil demand and storage availability hit bottom, there are signs of hope for natural gas.  Anna Mikulska of Rice University’s Baker Institute predicts that global demand for natural gas may drive its price recovery independent of crude oil trends. As the COVID-19 economic slowdown edges off, Mikulska envisions natural gas demand recovering, and possibly even increasing, as the attractiveness of low-priced gas may encourage China and other countries to switch from coal at a faster pace for power generation. “If this situation happened 10 years ago, we wouldn’t be even talking about the crisis in the natural gas trade

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