#LNG export demand will be critical for balancing the U.S. gas market,needless to say the U.S. economy&foreign policy.Factors affecting utilization at operating terminals and scope& timing of new projects,will surely drive that demand. Energy dominancehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="❌" title="Kreuzzeichen" aria-label="Emoji: Kreuzzeichen"> Energy interdependence https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen"> https://twitter.com/ira_joseph/status/1298241294804942848">https://twitter.com/ira_josep...

Oil prices collapsed, global worldwide gas demand was decimated by #COVID19 lockdowns, and international gas prices plummeted. Price spreads between Henry Hub and the European and Asian gas benchmarks have made U.S. #LNG exports to those markets highly uneconomical. +

@RBNEnergy& #39;s recent graphic gives a clear picture. Differentials to Europe’s Dutch TTF (navy blue line) and UK NBP (orange) collapsed from $4-6/MMBtu in 2018 and ≈$2-3/MMBtu in 2019, to about $0.50/MMBtu by April 2020. The spread to Asia’s Japan Korea Marker (JKM; green) fell +

from ≈ $7/MMBtu in 2018 and $3/MMBtu in 2019, to little more than $1/MMBtu to Asia by April 2020. In May, TTF and NBP ≈ $0.25-0.35/MMBtu below Henry for the first time, and JKM averaged just $0.27/MMBtu above Henry (dashed black oval). Uncertainties brought on by the poor +

market conditions due to #Covid_19 are not cleared. Discussions about second wave of lockdowns in Europe and Asia are increasing. This picture shutters the expectations that post-COVID-19 recovery increasing the demand through 2022. #LNG export demand will be critical for +

balancing the U.S. gas market. And given the project delays, the lingering effects of the 2020 market crash likely will be felt for years to come. #ONGT #LNG