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The Cleanest Fossil Fuel Is Set for a Post-Pandemic Rebound

  • Exporters expect to deliver more cargoes to China and India
  • After battling coal and oil, green groups turn to focus on gas
A liquefied natural gas storage tank at the Gazoport terminal, in Poland.
Photographer: Bartek Sadowski/Bloomberg
Updated on

Liquefied natural gas traders anticipate a swift demand recovery in 2021 after a year in which the coronavirus pandemic prompted dramatic price swings.

Colder weather in key importing nations, outages at major production hubs and congestion along global shipping routes already have combined to push spot prices in Asia to the highest level since 2014. That’s a more than sixfold jump from a record low in April, making Asian LNG the best performer among major commodities in 2020.