Gas 2020: Analysing the impact of the Covid-19 pandemic on global natural gas markets

2020 is on its way to experiencing the largest recorded demand shock in the history of global natural gas markets. The Covid 19 pandemic hit an already declining gas demand, faced with historically mild temperatures over the first months of the year. Gas consumption is expected to fall by 4% in 2020, under the successive impacts of lower heating demand from the warm winter, the implementation of lockdown measures in almost all countries and territories to slow the spread of the virus, and a lower level of activity caused by the Covid 19 induced macroeconomic crisis.