Wednesday, May 13, 2020
LNG market dynamics.
Liquefied natural gas (LNG) producers cannot now expect demand growth to catch up with supply until the late 2020s unless there are major changes in the project pipeline.
- Companies servicing the LNG sector will see a sharp downturn in their order books.
- Low prices will eventually support stronger demand, but COVID-19-related restrictions will persist until there is a vaccine or treatment.
- The rush to build new LNG carriers, a bright spot for the shipbuilding industry, will slow.