The Covid-19 pandemic has brought new challenges for the global gas industry, with the LNG shipping market not being an exception. Because of the Covid-19 pandemic, the market witnessed a reduction in the global gas demand in 2020, which resulted in a slowdown of the global LNG trade and lower-than-expected demand for LNG carriers.

These developments, coupled with the commissioning of a large number of new carriers, led to the oversupply of LNG carriers in the shipping market.

New Trends On The Global Market Of Lng Carriers | Devamı>>>

Nord Stream 2, the company building a gas pipeline between Russia and Germany, has reportedly requested a permit allowing it to use pipe-laying vessels with anchors to complete the final roughly 120-kilometre stretch of pipeline in Danish waters.

Nord Stream 2 has, as a precautionary measure, submitted an amendment request in accordance with the guidance received from the Danish Energy Agency (DEA), Nord Stream 2 EU representative Sebastian Sass told New Europe on June 19, adding that Nord Stream 2 will implement the project in accordance with the construction permit and as assessed in the Environmental Impact Assessment.

Nord Stream 2 Seeks Updated Permit From Denmark | Devamı>>>

It’s becoming evident the COVID-19 will disrupt the lives of the world’s 7.8 billion human inhabitants for much longer than we could have imagined. Already, millions are infected and hundreds of thousands dead, while the global economy could contract 3% this year in the worst downturn since the Great Depression.

Policymakers are responding by injecting trillions of dollars to help the sputtering economy. But for economic and environmental reasons, one sector should not receive a taxpayer bailout – the oil and gas industry.

Let’s Invest In An Energy Future That Preserves The Economy | Devamı>>>