China Is Stocking Up On Cheap LNG
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Article by:
Vanand Meliksetian - Oil Price
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Date Published:
April 16, 2020
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Who was cited:
Edmund Siau, Senior Analyst FGE
COVID-19 is causing an unprecedented global economic crisis which also affects the LNG industry. In February China’s lockdown seemed to contain the outbreak of the virus but the ensuing pandemic has proven otherwise. Energy prices have plummeted as demand evaporated overnight. While China’s economy took a severe hit due to the lockdown, the country could now benefit significantly as it’s restarting while most of the world is closed for business.
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