27/01/2021
According to a Rigzone report on January 1, LNG traders expect that LNG demand will recover rapidly in 2021 after the 2019 new crown pneumonia epidemic has caused significant price fluctuations. Due to…
According to a Rigzone report on January 1, LNG traders expect that LNG demand will recover rapidly in 2021 after the 2019 new crown pneumonia epidemic has caused significant price fluctuations.
Due to cold weather in major importing countries, power outages in major production centers, and global route congestion, Asian spot prices have been pushed to the highest level since 2014, which is more than six times the record low in April, making Asian LNG a The best performing major commodities in 2020.
As countries are looking for cheap, reliable and cleaner alternatives to coal, the demand for this fuel for heating and power generation is growing faster than any other fossil fuel. The epidemic has derailed growth in 2020, and China and India are becoming the main sources of demand.
Tom Holmberg, partner at Beckbots Law Firm in Washington, said: “Many countries are seeking to import LNG, and I still think we will see the growth of the LNG market.”
https://businessrepublic.io/2021/01/26/lng-markets-will-recover-rapidly-in-2021/
According to a Rigzone report on January 1, LNG traders expect that LNG demand will recover rapidly in 2021 after the 2019 new crown pneumonia epidemic has caused significant price fluctuations. Due to… According to a Rigzone report on January 1, LNG traders expect that LNG demand will recover rap...