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Many gas investment plans will be delayed or cut back

Wednesday, May 13, 2020

Subject

LNG market dynamics.

Significance

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.

Impacts

  • 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.
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