The LNG market is “IMPLODING” ...United Arab Emirates

Russia Today - News
The LNG market is “IMPLODING”
While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering. At least 20 cargoes of US liquefied natural gas (LNG) have been cancelled by buyers in Asia and Europe, according to Reuters. The global pandemic and the unfolding economic crisis have slashed demand for gas worldwide. Cheniere Energy, one of the main exporters of US LNG, has seen an estimated 10 cargoes cancelled by buyers halfway around the world, Reuters said. The price for LNG in Asia was already crashing before the pandemic, owing to a substantial increase in supply last year. Prices for LNG in Asia

Hence then, the article about the lng market is imploding was published today ( ) and is available on Russia Today ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( The LNG market is “IMPLODING” )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News