Illustration: Aïda Amer/Axios

The coronavirus is set to alter global natural gas markets that are already in the midst of transformation, per a new Center for Strategic and International Studies analysis.

What's next: Via CSIS's Nikos Tsafos, one of the trends to watch is demand. It'll be affected, but the extent depends on "how much is activity falling due to GDP, how much is gas privileged or disadvantaged relative to other fuels, and how will people adapt their behavior to protect their health."

  • Production: Watch three key global suppliers as prices remain depressed — Russia, Qatar and the United States. "[G]as faces a tough 2020 with declining demand and prices and no supplier with a clear impetus to reduce production. We can expect things to get worse for suppliers until someone blinks."
  • Infrastructure: Illness risks are already affecting some petrochemical and LNG projects, though there's still incentive to build as fast as possible to start earning returns. "[S]afety concerns might slow things down, and projects might come online later than expected," he writes.
  • Investment: It's likely that fewer projects get green lights in 2020. The longer-term is cloudier and location-specific. In some advanced economies, stimulus plans may "point away" from gas in favor of climate efforts. "But in places around the world where gas use could advance a country’s low-carbon pathway, we can expect power plants, pipelines, and port facilities to get an extra push."
  • Market structure: The crisis could spur changes in contract and pricing practices. One place to watch is China, a mammoth importer of LNG. "[A] prolonged crisis will test Chinese buyers and their willingness to abide by terms conceived and created in a market long before they were participants."

Go deeper: Fueled by coronavirus, global oil demand set to drop record amount

Go deeper

Dion Rabouin, author of Markets
37 mins ago - Politics & Policy

Wall Street fears stimulus is doomed

Illustration: Sarah Grillo/Axios

The fight over a new Supreme Court justice will take Washington's partisan bickering to a new level and undermine any chance for needed coronavirus relief measures before November's election, Wall Street analysts say.

What we're hearing: "With the passing of Justice Ginsburg, the level of rhetorical heat has increased, if that seemed even possible," Greg Staples, head of fixed income for the Americas at DWS Group, tells Axios in an email.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 a.m. ET: 31,346,086 — Total deaths: 965,294— Total recoveries: 21,518,790Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 6,858,130 — Total deaths: 199,890 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: U.K. upgrades COVID alert level as Europe sees worrying rise in infections — "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.
2 hours ago - Technology

Why Puerto Rico is still struggling to get online

Illustration: Sarah Grillo/Axios

Internet connectivity remains a weak link for the disaster-wracked U.S. territory Puerto Rico, and some experts fear a new tranche of Federal Communications Commission subsidies set aside just for the island might not help the people most in need of a broadband connection.

Why it matters: Puerto Rico is locked out of most federal funding available to U.S. states to help expand internet service. The island risks being left behind as carriers expand and upgrade high-speed internet networks elsewhere, even as infrastructure-damaging tropical storms come faster and harder and the pandemic makes broadband even more of a must-have.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!