Risk for longer downturn coming into focus

LNG Market Outlook

May 2020

The current forecast is for LNG demand in 2020 to be 6.7 MMt lower than in 2019, due to the combination of demand destruction caused by the lockdowns and the subsequent recession. This is a substantial revision from the forecasts done before the impact of the coronavirus was widely understood and may still be understating the impact on the industry.

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