Looking ahead to a post-pandemic gas market Although some demand may be permanently lost, the gas market is still expected to follow a growth path.
Language: Inglés Publication details: oct. 2020Description: [c.a.] 3 pOnline resources: In: E & P Summary: As the world grapples with the dreadful human cost of COVID-19, the global economy is also coming to terms with the scale of the pandemic. While the impact on oil markets was swift and dramatic, the gas and LNG sectors have also been hit hard by coronavirus. Even before the coronavirus pandemic, oil price crash and ensuing economic upheaval, 2020 was already shaping up to be one of oversupply for global gas markets. Last year was a record year for new capacity additions, with nearly 40 MMtonnes of supply added in 2019—supply that was poised to put downward pressure on prices in 2020. The events of early 2020 are impacting the gas market this year. The impact on gas demand was immediate as countries around the world went into lockdown. However, as restrictions loosen, demand is already showing signs of recovery.| Current library | Status | Barcode | |
|---|---|---|---|
| Biblioteca virtual | Not for loan | 200066232 |
As the world grapples with the dreadful human cost of COVID-19, the global economy is also coming to terms with the scale of the pandemic. While the impact on oil markets was swift and dramatic, the gas and LNG sectors have also been hit hard by coronavirus. Even before the coronavirus pandemic, oil price crash and ensuing economic upheaval, 2020 was already shaping up to be one of oversupply for global gas markets. Last year was a record year for new capacity additions, with nearly 40 MMtonnes of supply added in 2019—supply that was poised to put downward pressure on prices in 2020. The events of early 2020 are impacting the gas market this year. The impact on gas demand was immediate as countries around the world went into lockdown. However, as restrictions loosen, demand is already showing signs of recovery.
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