Dropdown
Savvy Business’s Manager Ana Maria Tutea attended the very interesting virtual event on “Post-pandemic impact on the world’s gas markets". The online discussion was moderated by Ms. Valérie Ducrot, Managing Director, WEC - Global Gas Centre. The discussion was carried out by Mr. René Bautz, President of WEC - Global Gas Centre, Mr. Panagiotis Mitrou, Global Gas Segment Manager, Lloyd’s and Dr. Kostas Andriosopoulos, BoD of GGC; Vice President, DEPA.
The prominent speakers provided an insights of possible changes for the global and European gas and LNG markets in Europe in 2020 as well as the impact of the COVID-19 crisis.
Some notes that we may need to consider in the coming months is that the prices on LNG will become lower, there will be a possible decrease of demand in Europe for gas, gas prices will keep low until the next winter, the covid-19 crisis cannot really accelerate the use of LNG for ships as IMO regulations may be needed. In general, the governments and the market will need to first give a special attention to the fight against the covid-19 and investments in gas and LNG may be postponed until next year. A positive aspect of the covid-19 is that climate change and green economy will remain a priority.
