LNG Market Outlook: Global LNG demand forecast to fall 8 MMt from 2019
LNG in Market Outlook
April 2020
Due to the ongoing impact of the global Covid-19 pandemic and the lockdown of major global economies, LNG demand is forecast to fall 8 MMt in 2020 from 2019. This represents a dramatic shift for an industry that has been growing rapidly over the past several years, buoyed by sharp increases in demand and supported by new project start-ups in the US, Russia and Australia. The forecast for 2020 is 10 MMt lower than our February forecast, before the significant impact of the virus was understood.
