LNG shut-ins? COVID-19 to also hit liquid gas – Saudi Gazette

LNG shut-ins? COVID-19 to also hit liquid gas – Saudi Gazette

But in 2020, when ample LNG supply is coupled with demand destruction, prices have already hit record lows and storages have already filled faster than usual.. European storage could reach its limit and LNG cargoes with deliveries in the summer months are at risk of being canceled.. Europe consumed 554 Bcm of natural gas in 2019, 13 Bcm more than in 2018, primarily driven by coal-to-gas switching in the power sector.. India is expected to continue utilizing low gas prices and purchase spot cargoes only when the lockdown is fully lifted.. FTSE to post gains as oil recovers for 5th straight day.. MHRSD signs deal with Bahri to nurture CSR culture in Saudi Arabia.