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Given the essential role of APIs in drug efficacy, regulatory oversight is stringent. Agencies like the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) impose rigorous standards for API production. Compliance with Good Manufacturing Practices (GMP) is mandatory, ensuring that APIs meet safety and quality benchmarks throughout the manufacturing process.

Another crucial aspect affected by COVID-19 is mental health. The uncertainty surrounding the virus, coupled with social isolation, triggered an increase in anxiety, depression, and other mental health disorders among various age groups. Health organizations began to recognize the need for mental health support services, urging governments to prioritize mental well-being alongside physical health initiatives.

The COVID-19 pandemic has also highlighted the vital importance of APIs in public health. The rapid development of vaccines and treatments for the virus showcased how critical APIs are in times of crisis. The pandemic exposed vulnerabilities in the global supply chain, prompting governments and companies to reassess their reliance on single-source suppliers. This reassessment could lead to increased investment in domestic manufacturing capabilities and a more resilient API supply chain in the future.

The global glut of LNG, combined with the region’s high natural gas prices in the winter of 2013-14, resulted in more LNG being available in the region.

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