June LNG trade suffers but Asian demand looking up in July

Global LNG trade has been on a distinct declining trend since March, when public health measures at stalling the spread of COVID-19 began to take hold. Exports decreased by 2.16mmt (-7%) in April, followed by a 1.11mmt (-16%) reduction in May. In June, this trend saw its preliminary peak, whereby global conventional LNG trade saw a 2.83mmt reduction, decreasing to 26.30mmt (-9.7%) from the 29.13mmt seen in May. Trade performance in June 2020 also marks a decrease of 1.79mmt over 2019, equating to 6.4% of negative growth year-on-year.


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