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2020-08-04 14:35:00

GLOBAL LNG MARKET DOWN

GLOBAL LNG MARKET DOWN

BLOOMBERG - August 3, 2020 - The liquefied natural gas market contracted a third month in July as countries continue to struggle with the economic fallout from the coronavirus pandemic.

Global exports of the fuel last month dropped 9.4% from the previous year, the steepest year-over-year decline since at least December 2017, according to ship-tracking data compiled by Bloomberg. The biggest cuts came from the US and Australia. On a monthly basis, exports inched up 2.5% from June levels.

The pandemic has thrown cold water on the fastest-growing…

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Earlier:

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Tags: LNG, GAS
Chronicle:
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