Shell CEO Says LNG Market Will Recover to Pre-Virus Levels
Royal Dutch Shell Plc, the world’s largest liquefied natural gas trader, expects buying and selling of the fastest-growing fuel to recover to levels seen before the pandemic.
SEATTLE (Oil Monster): Royal Dutch Shell Plc, the world’s largest liquefied natural gas trader, expects buying and selling of the fastest-growing fuel to recover to levels seen before the pandemic.
Global LNG demand took a severe hit when nations imposed lockdowns to combat the spread of the coronavirus, impacting the fuel’s use in everything from power plants to transport and factories. That came on top of the biggest glut of the fuel the world has ever seen, helped by two mild winters in a row.
Courtesy: www.houstonchronicle.com
Track the prices behind the story
Daily prices for 281 crude grades, Brent–Dubai spreads, history back to 2009 and Excel downloads.
