HomeMagazine2021January 2021, Vol. 248, No. 1Future Looks Bright for LNG in Post-COVID-19 Era

January 2021, Vol. 248, No. 1

Features

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

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) SUBSCRIBE to Pipeline & Gas Journal magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the PGJ archives per month. $199 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the PGJ Archive, access to all special reports, special focus supplements and more. $1,395 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at Jnette.Davis-Nichols@GulfEnergyInfo.com or +1 713.520.4426*.

 

 

*Access will be granted the next business day.

Related Articles

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}