Energy & Science
After Two Bad Winters, Natural Gas Heads for an Even Worse Summer
- Warmer weather during gutted demand during peak season
- Health scare now is slashing energy demand worldwide
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After two warmer-than-usual winters gutted demand for energy, natural gas is headed for an even more difficult summer because of the coronavirus.
The price of the fuel used for everything from power generation to home heating is plumbing record lows in Amsterdam, one of the world’s deepest and most liquid market for the commodity. Higher temperatures in the northern hemisphere meant less need for energy during the coldest months, leaving the industry ill prepared for virus-related health scares now shutting big parts of the global economy.