January 2021, Vol. 248, No. 1


Future Looks Bright for LNG in Post-COVID-19 Era

By Nicholas Newman, Contributing Editor  Before COVID-19, global gas consumption growth reached a record 2.3% and trade-in liquefied natural gas (LNG) grew 13% in 2019, driven by increased demand from South Asia.   At the same time, 11 new LNG terminals were commissioned in the U.S., Africa and Russia, bringing total regasification capacity to 115 trillion cubic meters per year. And yet, global trade in LNG was characterized by low prices and a supply glut.   The onset of COVID-19 caused a decline in gas demand of around 4% with a similar decline in the LNG trade. Most forecasts expect gas demand to recover in 2021 to pre-pandemic levels. But what happens thereaf

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