Skip to content
Subscriber Only
Markets
Green

Gone Are the Days of Easy Money in Global Natural Gas Trades

  • Traders making pennies of profit in shipping LNG cargoes
  • Once profitable trades have all but disappeared from industry
An LNG tanker sails past a container terminal as it arrives in Yokohama.

An LNG tanker sails past a container terminal as it arrives in Yokohama.

Photographer: Tomohiro Ohsumi/Bloomberg

The golden age of trading in the world’s natural gas market has ended, and it was bound to happen even before the coronavirus struck.

Two warm winters in a row in addition to the health crisis have gutted demand for the fuel used for everything from home heating to power generation. That’s left inventories brimming during a season when they’re usually drained.