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20 Feb 2020 | 23:00 UTC
The coronavirus outbreak has sparked fears of a major economic slowdown in China, the world's second-largest LNG importer behind Japan, and raised concerns about its impact on global LNG trade flows, growing oversupply, falling spot prices and legacy contracts.
Prolonged coronavirus disruptions would likely cut China's 2020 LNG import growth by 38% on year.
Platts JKM plunged to an all-time low of $2.713/MMBtu February 14, and S&P Global Platts Analytics expects the Asian LNG benchmark to remain below $3.50/MMBtu through Q2-Q3, before seeing some seasonal support toward year-end
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