COVID-19 is causing an unprecedented global economic crisis which also affects the LNG industry. In February China’s lockdown seemed to contain the outbreak of the virus but the ensuing pandemic has proven otherwise. Energy prices have plummeted as demand evaporated overnight. While China’s economy took a severe hit due to the lockdown, the country could now benefit significantly as it’s restarting while most of the world is closed for business. Before the outbreak of COVID-19, the world’s second-largest economy was on the path towards dethroning Japan and becoming the largest LNG importer . Beijing’s coal-to-gas policy was intended to combat rampant air pollution, which led to a surge in demand for cleaner natural gas. China was the largest contributor to global demand growth of supercooled fuel. Several large producers have set their eyes on the massive Chinese market. While Qatar for years was the dominant LNG producer globally, Australia’s […]