# Factbox: COVID-19 strikes gas, LNG demand amid oversupply

> S&P Global published a factbox on how COVID-19 demand destruction is compounding oversupply in American natural gas and LNG markets. The piece covers the effects on gas and LNG demand across the Americas.

- Date: 2020-04-01 · published 2020-04-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53823-factbox-covid-19-strikes-gas-lng-demand-amid-oversupply
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Weaker gas and LNG demand alongside oversupply points to lower US natural gas prices, which feed into fertilizer and energy costs for feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-03-06 | [Moody's: Oversupply to keep LNG prices low beyond 2020 \| Oil & Gas Journal](https://feedsoft.ai/events/72168-moody-s-oversupply-to-keep-lng-prices-low-beyond-2020-oil-and-gas-journal.md) | +12.6% | +18.9% |
| NATGAS | 2020-06-03 | [Natural gas prices could go negative on global oversupply](https://feedsoft.ai/events/52798-natural-gas-prices-could-go-negative-on-global-oversupply.md) | +2.8% | +4.8% |
| 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% |
| 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 | [Virus Lockdowns Pummel Global Gas Demand, Force LNG](https://feedsoft.ai/events/53321-virus-lockdowns-pummel-global-gas-demand-force-lng.md) | -17.4% | -9.0% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/040120-covid-19-strikes-gas-lng-demand-amid-oversupply

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