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LNG | Natural Gas

Pessimism spreads in US LNG sector as coronavirus exacerbates market woes

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Listen: Pessimism spreads in US LNG sector as coronavirus exacerbates market woes

US LNG developers face challenges advancing any new export projects this year amid the escalating coronavirus outbreak, which has exacerbated the drop in global demand that has already led to record-low prices in Asia.

Decision makers are lamenting that for the foreseeable future China’s door appears to be shut to US LNG, and that has put the sector in hunker-down mode as participants try to ride out the turmoil.

S&P Global Platts senior natural gas writer Harry Weber and senior digital editor Jason Lindquist discuss the challenges ahead.

Related Podcasts

Part 1: Volatility in global markets creates havoc for upstream US oil, gas and LNG

Part 2: Plunging oil prices, pandemic having dramatic downstream impact