The world changed in 2020. An outbreak of Covid-19 turned into a worldwide pandemic followed by the Russian invasion of Ukraine just two years later. Two black swan events in the span of 24 months. LNG: After the Pandemic dives into the lessons learned from this unprecedented combination of events. Numerous trends are covered including volatile prices, the post-pandemic slump, increasing exports, the jump in European demand, and the pressures of decarbonization. This book considers the implications of these trends and sets the stage by looking at the fundamental changes in the industry that have occurred over the past decade. This new LNG landscape may help us discern where the industry's future lies. Despite the rhetoric, LNG is here to stay.
What the industry is saying
This book could not be more timely. Accessible, absorbing, and informative, it is a must-read for anyone interested not just in LNG, but global energy, geopolitics, and the energy transition. Tusiani and Shearer peel back the layers of a rapidly evolving industry in a way that is useful to policy makers and industry insiders alike. - Jason Bordoff, Founding Director, Center on Global Energy Policy at Columbia University's School of International and Public Affairs.
LNG has taken center stage during the Ukrainian crisis. This book will help the reader, whether an industry professional, policy maker or interested lay person understand the role LNG plays in the world's energy supply. A quick and comprehensive read. - Christopher J. Wiernicki, Chairman, President and CEO, American Bureau of Shipping (ABS)
Features and Benefits
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A comprehensive review of the global LNG market during the aftermath of the pandemic and the Russian invasion of Ukraine.
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The book discusses the industry's relatively successful response to the drop in global gas demand and the collapse of oil prices, followed by its rebound in the runup to and in the wake of the Ukraine crisis.
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The factors behind LNG's newly demonstrated flexibility are analyzed and placed in the context of the longer-term outlook.
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A comprehensive overview of the headwinds likely to be caused by the drive for decarbonization of the world's energy supply chains.
Audience
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Analysts and commercialization teams
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Trading desks
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Management
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Energy lending and finance professionals
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Policy makers facing newly complex energy decisions
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Anyone who seeks to understand the dynamics of, or relies upon, energy
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Students
List of Figures
Abbreviations
Acknowledgments
Introduction
Chapter 1 : The Outbreak
Chapter 2 : Covid-19 and the Oil & Gas Markets
Chapter 3 : The Economic Impact of Global Efforts to Control the Covid-19 Pandemic
Chapter 4 : The Oil Price War
Chapter 5 : The Initial Impact on Natural Gas and the LNG Market
Chapter 6 : US LNG Producers Build a New Industry and Business Model-and Save the Market
Chapter 7 : The Rise of the LNG Giants
Chapter 8 : LNG Shipping Adapts to the Crisis
Chapter 9 : Natural Gas and LNG - The Growing Environmental Challenges
Chapter 10 : The Road to Recovery
Chapter 11 : Conclusion - Lessons from the Pandemic and Ukraine for the Future of LNG
Notes
Index
About the Authors
