An Evidence-based Look at Current Chinese LNG Demand

Wednesday, 19 February 2020

Chinese measures in response to the coronavirus have only had limited effects on national LNG offtakes­­ in February, generally delaying cargoes rather than cancelling them. Instead, other market factors are weighing more on record-low Pacific LNG prices.

Much has been written – and speculated – about the impact the outbreak of a new coronavirus (aka 2019_nCoV, i.e. 2019_newCoronaVirus) in China has had on LNG demand in the country. The term ‘coronavirus’ refers to a large family of viruses responsible for illnesses such as the common cold as well as severe respiratory impairments, according to the WHO. Market concerns have been amplified by prevailing LNG oversupply in the Pacific region.


Subscriber content
 

This content is available only to subscribers
please log in below or subscribe now / request a free trial