The continuing glut of liquified natural gas, or LNG, shows no signs of ending any time soon. As LNG exports continue to drop, lower LNG prices could benefit consumers.
Matt Smith is director of commodity research at ClipperData. He says about half of all exports have been cancelled for the month of July.
“The world is over-supplied with natural gas. Specifically in the U.S., we’re oversupplied because of industrial demand being down as a result of the coronavirus,” Smith said.
What you’ll hear in this segment:
– How falling natural gas prices will impact consumers and their energy bills
– What might happen next for natural gas prices
– How oil production is making a recovery
Web story by Sarah Gabrielli.
Web story by Sarah Gabrielli.
