Asian LNG Buyers Are Preparing For A Harsh Winter ...Middle East

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Asian LNG Buyers Are Preparing For A Harsh Winter
source : OILPRICE ( Middle East ) () 25
Global markets have been hit hard by the economic downturn as a direct consequence of the Covid-19 pandemic. LNG prices were among the commodities which decreased sharply as consumption evaporated when entire industries and societies went into lockdown. During the past several months, however, prices have rebounded strongly, resembling a rollercoaster. The situation was especially dire for East Asian customers who found it hard to buy affordable cargoes. Therefore, buyers are already preparing for the next winter season. China’s Sinopec,…

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