Uncertain Atlantic demand will not dampen the relentless rise of LNG prices, as slow supply recovery hits robust Asian demand growth, marking 2020 firmly as the bottom of the cycle. This quarter's themes are: - Robust Asian demand recovery: many Asian countries already look to have put the worst of the demand impact behind them. - Europe demand: a second wave of lockdowns across Europe will affect demand differently than the first. - Continuing LNG supply disruptions: as prices recovered facilities ramped up to full production. However not all producers will thrive this winter, with an unprecedented level of unplanned downtime likely to spill over 2021. - The bottom is behind us: prices in 2021 are expected to be almost double the average level from 2020 as the global LNG market moves from oversupply to finely balanced.