Global LNG demand jumps most since pandemic dashed trade
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. Updated: 05 Apr 2021, 08:15 AM IST Bloomberg
While European imports rebounded as dwindling stockpiles and strong spot prices attracted cargoes from US export projects, Asian importers anchored the growth
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Liquefied natural gas deliveries expanded the most in a year as Asia and Europe refilled inventories drained over the winter, and as pandemic-ravaged economies slowly begin to reopen.
Imports jumped 5.8% in March from a year earlier, the biggest increase since March 2020, ship-tracking data compiled by Bloomberg showed. Demand for the fuel used in heating and power generation had been steadily growing before Covid-19, as nations shift away from coal-fired power over climate concerns.
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