The number of new coronavirus cases is rising across the globe and the risk of a second wave of lockdowns is mounting. But another wave of lockdowns would undermine the fragile economic recovery expected in the second half of 2020, putting further pressure on oil and gas demand. To explore this uncertainty to our H1 2020 Base case, Wood Mackenzie has used its proprietary global oil and gas models to assess the implications of a second wave of large scale lockdowns on oil and gas prices. This commodity market report contains key supply, demand, price and LNG exports data on the global gas market from our recent insight: A second wave of coronavirus lockdowns: implications for the oil and gas markets. It explains: - How would oil/gas market fundamentals react to a second wave of lockdowns? - What dynamics drive Brent, Henry Hub and global gas/LNG prices? - What are the implications for industry players? Gas analysis and data is underpinned by our Global Gas Model Next Generation.