Bedlam reigned in the global natural gas market on Thursday as more force majeures were issued, cargoes appeared to have nowhere to go, and prices continued spiraling because of widespread measures to stem the coronavirus outbreak.
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NGI The Weekly Gas Market Report
Another Specter Rises Over LNG as European Demand Seen Threatened by Coronavirus
Drastic measures being taken by governments in Europe to stop the spread of the coronavirus are likely to impact natural gas consumption on the continent, which has been a major destination for liquefied natural gas (LNG) supplies, particularly those exported from the United States.
March 13, 2020
NGI The Weekly Gas Market Report
Full Impact of Coronavirus on Oil, Natural Gas Markets Not Yet Clear, Says Brouillette
The effect of the spreading coronavirus has so far been “marginal,” according to U.S. Energy Secretary Dan Brouillette, and longer term impacts depend in large part on the actions of the Chinese government.
February 11, 2020