Last week we warned that the drop in Chinese petroleum consumption could spark one of the “biggest shocks to oil markets since the Lehman crisis.” Now it seems the fast-moving contagion has spread to liquefied natural gas (LNG) markets, Fitch Ratings detailed in a new report.
LNG markets in Europe and Asia could experience a shock as Chinese imports of LNG are expected to plunge. The hopes for a rebalanced market have been delayed thanks to the coronavirus outbreak.
https://www.zerohedge.com/markets/energy-shock-coronavirus-damage-global-natgas-market
