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Towards liberalisation in the global LNG market

In our view, the scale of energy demand destruction caused by the coronavirus pandemic has made the liberalisation of the global LNG market start to look inevitable. While pressure has been mounting on suppliers to offer more flexibility for some time, we think that this year may prove to be a turning point. As the market liberalises, it should improve the fungibility of the global natural gas market. Ultimately, we expect the stark regional price fragmentation in the market to lessen.

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