Natural Gas Markets Beyond COVID-19

  • Date: 01-Apr-2020
  • Source: Forbes
  • Sector:Oil & Gas
  • Country:Qatar
  • Who else needs to know?

Natural Gas Markets Beyond COVID-19

We cover global issues in oil, natural gas, energy and policy. Prices of natural gas have been extremely low for a while now due to a trend of slowing global demand that was additionally exacerbated by the recent warm winter.. The world has been experiencing an abundance of natural gas for some time now with new supplies and suppliers entering the market .. It will also be based on prices of crude oil and not on supply and demand conditions for natural gas.. Given the precipitous fall in prices the world is experiencing today, there is a good chance that prices under oil-indexed contracts will be even lower than spot and hub-indexed prices.. In cases where gas is produced together with oil or condensate, oil prices are likely to impact the production of both.. In the case by lowering gas supply, lower oil prices could actually push U.S. prices of gas up.. There the cost of producing natural gas is offset by both the value of gas and condensate that is produced at the same time.. We may see more maintenance being performed on existing terminals as well as more floating LNG storage.. The current situation may slow