Covid-19 to have lasting impact on gas

The global gas and LNG market will continue to recover barring a second spike. But the pandemic’s impact will be measured in years

Gas markets have been hit by a combination of demand shocks this year, with one of the warmest winters recorded being followed by the unprecedented fall in economic activity triggered by the Covid-19 pandemic. And the economic recovery after the lifting of lockdown measures has been slow. The LNG market, which used to grow at double-digit rates, is going through rapid adjustments to adapt to this unprecedented environment, in terms of both volume and flexibility. While LNG trade is expected to keep growing as gas demand gradually returns, the crisis is likely to have long-lasting impacts.   Flexibility trumps growth Preliminary data su