Author Topic: Why natural gas demand fell only slightly despite pandemic  (Read 74 times)

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Online Elderberry

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Why natural gas demand fell only slightly despite pandemic
« on: January 12, 2021, 09:06:21 AM »
Houston Chronicle  by Paul Takahashi Jan. 11, 2021

Global demand for natural gas fell just 2.5 percent in 2020, despite the economic lockdowns caused by the coronavirus pandemic, according to a new report.

Natural gas demand was buoyed by low prices, which made it a sought-after commodity in the power generation sector, according to Rystad, a Norwegian energy research firm. U.S. benchmark Henry Hub natural gas prices averaged $2.03 per million British thermal units in 2020, down from $2.57 per million Btu in 2019.

By contrast, global crude demand plunged by as much as 16.4 percent as travel plummeted during the the global pandemic last year, according to the International Energy Agency. U.S. oil prices fell to negative territory for the first time in history before recovering to above $50 a barrel this month.

More: https://www.houstonchronicle.com/business/energy/article/Why-natural-gas-demand-fell-slightly-in-2020-15860958.php

Offline thackney

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Re: Why natural gas demand fell only slightly despite pandemic
« Reply #1 on: January 12, 2021, 09:59:18 AM »








SHORT-TERM ENERGY OUTLOOK, Natural Gas
https://www.eia.gov/outlooks/steo/report/natgas.php

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