Commodity Market Report
Global Gas H1 2020 highlights & prices: Will coronavirus flatten the price curve?
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Report summary
Even before the coronavirus pandemic, oil price crash and ensuing economic upheaval, 2020 was already shaping up to be one of oversupply for global gas markets. As countries around the world went into lockdown, the impact to gas demand was immediate, but the supply impacts will be longer lasting. However, as restrictions loosen, demand is already showing signs of recovery. In the H1 2020 highlights & prices, we analyze the impact of coronavirus on global gas markets and the investment climate, the consequences of today’s supply project delays and cancellations on prices in the medium term, and how the energy transition will drive demand growth and long-term market dynamics to 2040.
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