Thursday, September 29, 2022

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GECF: Impact of COVID-19 on US Gas Demand and LNG Exports

The novel coronavirus has become a global pandemic spreading across all regions and to more than 200 countries globally. The US has seen its cases grown exponentially from mid-March 2020 to almost 1 million cases by the need of April.

Countries across the globe have taken drastic measures such as curfews, lockdowns, shutting of non-essential businesses and closure of borders to curb the spread of the infectious virus. These measures have negatively affected energy demand and economic growth due to the closure of schools, businesses, some industrial plants and lower transportation activity. Gas plays a significant role in the US primary energy mix, with a share of around 31 per cent, and a negative impact of COVID-19 on energy demand is expected to drag gas demand downwards.

This report is aimed at analysing the impact of COVID-19 on US natural gas demand and their LNG exports as well as the implication on the global gas and LNG markets.

Read the full report here.

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