Interview: Vincent Demoury, GIIGNL [Gas in Transition]
May 24, 2021 9:27:am
Summary The annual review of LNG markets, by the importers group GIIGNL, confirms the direction of travel for LNG: more production going to more customers and on a shorter-term basis. [Gas in Transition, Volume 1, Issue 2]
by: William Powell
Scarred as it was by the COVID-19 pandemic, last year saw a much lower growth in LNG trade. The amount of LNG imported grew fractionally in 2020 from 354.7mn metric tons (mt) to 356.1mn mt, despite the shut-ins of production and the falling demand for energy, according to a new report by the France-based International Group of LNG Importers (GIIGNL).
LNG market grows, more spot trade in 2020
Apr 27, 2021 1:00:pm
Summary
by: William Powell
Posted in:
LNG market grows, more spot trade in 2020
The amount of LNG imported grew fractionally in 2020 from 354.7mn metric tons to 356.1mn mt, despite the shut-ins of production and the falling demand for energy, according to a new report by the France-based International Group of LNG Importers (GIIGNL) published April 27.
The year was largely scarred by COVID-19. As industrial and heating demand fell worldwide, some US LNG plants closed as long-term capacity holders would have lost money on liquefaction and export.
The report also found that more deliveries than ever were made within three months of the transaction date, accounting for 35% of the total, compared with 2019 s 27%. This might have been the result of traders scrabbling for buyers at almost any price. Asia accounted for much of the demand, with Japan taking the most, with over a fifth of the total (74.4mn mt) despite a