Oh yes, buyers’ power is rising in the LNG world. But sellers could have an ace in the sleeve if they wanted so. No, I am not talking about another miracle market such as China has been so far. We know now that those bubbly beasts are not reliable enough and often turn out to be more of a problem than a solution. Sellers could start to put money into initiatives to promote LNG as a fuel for heavy vehicles. I am talking mainly about trucking. European Roan Diesel demand is higher than worldwide LNG production capacity could deliver right now. And this grows quick once the bottlenecks are removed. So, wanna get into higher prices territory again? Talk to those that promote your stuff.
COVID-19 is weakening Chinese demand for liquefied natural gas and may accelerate the gas market transition in East Asia