GAZB - The Ups Downs And Ups Of 2020 Show Resilience Of U.S. LNG Exports

• Extreme ups, downs and ups of 2020 underscored flexibility and resiliency of the U.S. LNG export industry.
• Rapid rebound of U.S. LNG exports from deep troughs in the middle of the year emphatically answered questions raised by some about the long-term viability of natural gas demand.
• Forecasts that the business case for U.S. LNG exports were permanently harmed, as price indices converged last year, now seem premature.
• Sharp decrease in demand from the pandemic looks like an outlier, not the new normal.

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