LNG imports by the world’s top three consumers, Japan, China and South Korea, and other Asia-Pacific countries such as India, have taken a hit due to the reduced demand and economic slowdown fuelled by the Covid-19 outbreak.
This has led to long-term LNG supply contract re-negotiations and cargo deferments by importing countries, causing supply overhang and resulting in lower LNG prices. As a result, LNG producers are rethinking their capex spends in upcoming multi-billion dollar gas projects.
To read more, please click here.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData