China’s Gas Demand Growth Slows Further On Coronavirus Outbreak

The coronavirus outbreak is additionally depressing China’s already slowing gas demand growth to the point that analysts have revised down their estimates for Chinese gas demand growth this year and are warning of a knock-on effect on global liquefied natural gas (LNG) markets. Two out of five analysts polled by Reuters expect China’s gas demand growth to slow to 6 percent in 2020, down from estimated 10-percent growth for 2019.    The reduced industrial and transportation activity amid the coronavirus outbreak—with…