coronavirus

Viktória Márton, vice president for sustainable development and health, safety, and environment at MOL Group, an international oil, gas, petrochemicals, and retail company, talks about experiences and thoughts for the future in the wake of the COVID-19 pandemic.

The coronavirus pandemic has created a huge shift in how work is done. More people are working from home than ever, and this shift has opened new risks to cybersecurity.

In a scenario of accelerated international infection rates, the supply impact would quickly become more severe. If ongoing virus containment efforts prove unsuccessful, production operations at more producing assets in Southeast Asia and beyond could be directly affected.

The unseasonably warm weather in the northern hemisphere and the rise of the global supply levels has resulted in record-low LNG prices. Adding to that, the coronavirus epidemic in China has reduced business and industrial activity, with January’s LNG imports dropping by about 10% year on year.