LNG markets look set for a bleak Q3, with key players expecting a painful combination of low demand and low prices. Demand was already low in Q2 as key importers in Asia and Europe were placed in lockdown, but the lag on long-term oil-indexed LNG prices at least moderated the price impact.
Oil prices have solidified in recent weeks, but that pricing lag means that contracted-LNG prices are poised to hit new lows. (CONTINUED - 852 WORDS)
