Quarterly Gas Review – Issue 9
This Quarterly Review examines the impact of the COVID-19 pandemic and the consequent global economic crisis on the global gas market. In a series of articles we examine the link between gas demand and GDP overall, before analysing the immediate impact of the crisis on gas consumption in various key regions, including Europe, China, India and the US. We then discuss the consequences for gas supply and trade, in particular highlighting the increased flows of LNG to Europe and its impact on storage levels. We conclude that if current trends continue, storage in Europe could be full by mid-summer, potentially catalysing a further decline in prices or the need for supply shut-ins. We conclude the report by looking at the potential longer-term consequences for the gas sector, asking eight critical questions about its role in the future global energy economy.
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COVID-19 , Demand , economic downturn , Gas , LNG , Pipeline gas , Storage , Supply