# Virus Lockdowns Pummel Global Gas Demand, Force LNG

> Virus lockdowns have cut gas demand in Japan, China, South Korea and India, the largest LNG buyers. Asia's spot LNG price fell to a record low of $1.85/mmBtu, and some suppliers have started cutting output. Oil prices down more than 50% since end-2019 are adding pressure on oil-linked LNG contracts.

- Date: 2020-05-07 · published 2020-05-07T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/53321-virus-lockdowns-pummel-global-gas-demand-force-lng
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Weak global gas demand and record-low spot prices push down energy input costs for feed and fertilizer producers. Output cuts are a limited offset, so the bearish gas price pressure is likely to persist.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-03-20 | [Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap](https://feedsoft.ai/events/37032-global-natural-gas-prices-keep-falling-as-demand-weakens-banking-crisis-weighs.md) | -10.6% | -5.7% |
| NATGAS | 2020-05-11 | [Gas benchmarks converge at record lows amid the global lockdown](https://feedsoft.ai/events/10442-gas-benchmarks-converge-at-record-lows-amid-the-global-lockdown.md) | -7.2% | -2.7% |
| NATGAS | 2025-04-28 | [Supply Disruptions Not Enough to Lift Global Natural Gas Prices as Asian Demand Remains Weak — LNG Recap](https://feedsoft.ai/events/25298-supply-disruptions-not-enough-to-lift-global-natural-gas-prices-as-asian-demand.md) | +18.9% | +10.8% |
| NATGAS | 2020-05-07 | [As demand for fuel falls, gas prices and output also take a hit \| Coronavirus pandemic \| Al Jazeera](https://feedsoft.ai/events/10440-as-demand-for-fuel-falls-gas-prices-and-output-also-take-a-hit-coronavirus.md) | -17.4% | -9.0% |
| NATGAS | 2026-01-21 | [Global LNG supply set to jump in 2026, limiting prices and spurring demand \| Reuters](https://feedsoft.ai/events/21223-global-lng-supply-set-to-jump-in-2026-limiting-prices-and-spurring-demand.md) | +176.6% | -24.2% |

## Sources

- marinelink.com: https://www.marinelink.com/news/virus-lockdowns-pummel-global-gas-demand-478271

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.