Editorial Comment

The IEA’s “Global Gas Security Review2020” report, released in October, projects that global gas demand will fall by 3%, or 120 Bm3, in 2020—the largest drop on record. Several LNG export projects scheduled for FID this year have been forced to postpone their decisions to 2022–2023, as discussed in Hydrocarbon Processing’s “HPI Market Data 2021” report, also released in October. Amid this temporary demand shift, LNG continuesto play a central role in balancing global gas markets. Faced with a historic fall in global gas demand in the firstsix months of 2020, gas producers and exporters have provided necessary flexibility to adjust supply. LNG was one of thekey enablers of this adjustment, w