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APAC Energy Buzz: Second wave lockdowns and Asia’s oil and gas markets

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18 August 2020

APAC Energy Buzz: Second wave lockdowns and Asia’s oil and gas markets

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
    • Asia’s near-term demand pain puts pressure on Europe
    • Pre-FID supply pushed back beyond 2025

Tables and charts

This report includes 1 images and tables including:

  • LNG demand changes by region: CSW vs H1 2020

What's included

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    APAC Energy Buzz: Second wave lockdowns and Asia’s oil and gas markets

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