The liquified natural gas (LNG) market is exceptionally tight as demand remains high, while stockpiles sit low amid constrained supply. Despite these challenges, however, a crisis in supply is unlikely in gas-hungry Asia and Europe, an expert told Al Arabiya English.
The LNG market saw severe disruption in 2020 as the coronavirus pandemic upended normal supply predictions and delaying key infrastructure development. Demand spikes caused by unseasonably cold temperatures in winter last year, combined with COVID-19 challenges, left countries facing energy shortages and depleted stockpiles while prices spiked.
Read more:
___________________________________________________________________________________
Like us on Facebook: https://www.facebook.com/alarabiya.english
Follow us on Twitter: https://twitter.com/AlArabiya_Eng
Follow us on Instagram: https://www.instagram.com/alarabiya_eng/
Like us on Google+: https://goo.gl/L5Nqcx
Al Arabiya English website: https://english.alarabiya.net/
Subscribe to our Youtube channel: https://goo.gl/fQ0RkI
__
The English site of the Arab world’s leading news channel