Riviera Maritime Media: Covid-19 lockdown cuts Indian LNG demand

3 April 2020

If India’s countrywide Covid-19 quarantine is extended, LNG demand will worsen beyond the current anticipated 1M tonne loss, according to an analyst for shipbroker Poten & Partners.

“If the three-week shutdown is extended and a global recession follows, 2.3M tonnes of demand will be lost, making 2020 volumes slightly lower than 2019 volumes,” said Poten & Partners short-term forecasting manager Kristine Holmquist during a podcast. The largest number of Indian contracts are held by Qatar, followed by the US, said Ms Holmquist.

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