Japan, Singapore lockdowns to stifle Asian gas, power demand further

S&P Global Platts | Apr 8, 2020 at 3:10 AM
  • Lockdowns in Japan and Singapore, two of Asia’s most developed economies, could cut electricity and natural gas demand further at a time when energy consumption is already collapsing across economies as stay-at-home restrictions of varying degrees are enforced.
  • The curbs are spreading to countries with a sizeable impact on gas demand — Japan is the world’s largest LNG importer — and to countries such as Singapore which had drawn first blood in fighting the spread of the coronavirus pandemic but is still seeing the number of cases rise.
  • Japan on Tuesday declared a month-long emergency asking citizens to stay at home, and Singapore implemented similar measures keeping only essential services operational.