China Is Stocking Up On Cheap LNG
Vanand Meliksetian - Oil Price
April 16, 2020
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.