# Global LNG Poised for Terrible Year as Supply Floods Market

> LNG prices are poised to test record lows this year as new export projects from Australia and the U.S. flood the market. Brimming European stockpiles and an expected slowdown in Chinese demand compound the pressure. Spot LNG for North Asia is on track for an all-time low this summer, and European and U.S. gas prices are at their weakest seasonal levels since 1999.

- Date: 2020-02-01 · published 2020-02-01T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/55273-global-lng-poised-for-terrible-year-as-supply-floods-market
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cheap, abundant LNG and gas reduce the cost of natural gas as an energy input and fertiliser feedstock, which weighs on nitrogen fertiliser costs and keeps energy-linked feed costs contained. Weak gas also tends to reduce the competitiveness of alternative fuels.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-01-24/from-texas-to-tokyo-global-lng-poised-for-terrible-year

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