Covid-19 set to depress near term LNG demand, say gas importers

LNG demand will be hit by Covid-19 pandemic in the short term in a market already flooded with excess LNG, the International Group of LNG Importers (GIIGNL) said.

In its Annual Report 2020, published today, GIIGNL said: “In the near term, the disruptive impact of the Covid-19 crisis on the economies of importing countries will exert downward pressure on LNG demand in an already oversupplied market.”