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Global LNG to increase by 32bcm in 2020 —S&P Global Platts

GLOBAL liquefied natural     gas, LNG, market is expected to increase by 32 billion cubic meters, bcm, in 2020, with large volumes mainly from the United States of America, S&P Global Platts, stated in its latest report. The report explained that LNG demand in quarter one, Q1, 2020 will be the most important factor for global natural gas prices during 2020. If winter natural gas demand underwhelms as it did last year, LNG cargoes will be forced into Europe, where prices will again need to fall to levels to maximize coal-to-gas switching.

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