Four LNG tankers are currently enroute to China after loading cargoes last month in the United States,

Pakistan has long-term contracts for the import of eight LNG cargoes per month on a take-or-pay basis, and out of these five are from Qatar, a government spokesman said, adding that the Qatari volumes had been reduced to three cargoes for April through mutual discussion, without invoking any force majeure.

The average LNG price for May delivery into northeast Asia LNG-AS was estimated at $3.50 per million British thermal units (mmBtu), up 20 cents from the previous week,

the LNG industry was already under pressure from low international prices and weaker-than-expected demand in key end-user markets.

Asian LNG prices hit historic lows in February, the benchmark price for spot-traded LNG in Northeast Asia, falling to $2.71/MMBtu on underlying weak Asian demand compounded by mild temperatures and the coronavirus.

In late February, the Spanish energy companies Repsol SA and Endesa SA rejected a hefty deal on the purchase of 200 million cubic metres of LNG from the biggest US liquefied natural gas exporter Cheniere Energy Inc.

"Last year was the best year for [final investment decisions] for the US LNG industry ever,"

In January 2020 India commissioned its sixth liquefied natural gas (LNG) import terminal, Mundra LNG

Global demand for liquefied natural gas (LNG) grew by 12.5% to 359 million tonnes in 2019, according to Shell’s latest annual LNG Outlook published today – a significant increase that bolsters LNG’s growing role in the transition to a lower-carbon energy system.

Weaker-than-expected LNG demand, relatively mild winter weather, the coronavirus outbreak and Chinese tariffs have made the situation worse.