Insight
APAC Energy Buzz: Second wave lockdowns and Asia’s oil and gas markets
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Report summary
Secondary lockdown. Today, two of the most dreaded words. As governments around the world move swiftly to contain any localised re-emergence of coronavirus, the hope is that with quick action these outbreaks will not lead us back to drastic nationwide lockdowns. But what would a second wave of prolonged lockdowns mean for both the economies and the oil and gas markets of Asia? How would oil and gas supply and prices be affected? Will Asia’s demand-led recovery be blown off course? Wood Mackenzie’s oil and gas teams have used our proprietary global oil and gas models to assess what a second wave of lockdowns could mean.
Table of contents
- A coronavirus-lockdown second wave case
- What this could mean for oil markets and prices
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Impact on Asia’s gas and LNG markets
- Asia’s near-term demand pain puts pressure on Europe
- Pre-FID supply pushed back beyond 2025
Tables and charts
This report includes the following images and tables:
- LNG demand changes by region: CSW vs H1 2020
What's included
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