Virus has U.S. exporters facing risk of production cuts
The Coronavirus makes another thing plainly clear. You cannot rely on China making for project fly. China is a Ponzi scheme waiting to implode as of now, lenders to projects as well as investors will factor China in as more of a risk than a credit to any LNG project. If China perseveres with its FM claim for the Coronavirus, a longterm commitment from China will significantly decline in value. Longterm contracts are valuable as they create certainty – at least that’s what they are supposed to do. And LNG developers are still sleeping as they completely ignore the true beast on the block. Diesel for trucks in Europe alone consumes more energy than the global LNG market is capable to deliver. But it needs some hands-on market development. Stump speeches in posh events won’t do.
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