GAZB - Future On Tap: Is It Time For An OPEC Of The Gas Market?
Liquefied natural gas ((LNG)) is used for generating electricity, especially during periods of high demand for heating and cooling.
LNG is now also emerging as a cost-competitive and cleaner transport fuel for shipping as well as heavy-duty road transport.
The LNG market was imploding before the arrival of the coronavirus pandemic because of supply-side pressures, as the glut in global supply started to build at the start of the year even before oil faced its own crisis.
Two years of warmer-than-expected winters had weakened demand for LNG for home heating and power generation. This resulted