Loading…
Northeast Asia LNG import prices climbed into the mid-$2/MMBtu range, while US LNG feedgas volumes fell to the low 6 Bcf/d range, their lowest since October 2019. Suppliers including Malaysia, Nigeria and Qatar may curtail cargoes, and US buyers may be deferring export volumes.
US Henry Hub forwards retreated as a result.
Lower US LNG export pull limits any rally in Henry Hub, keeping domestic gas prices weak. Reduced export demand lowers gas-based costs for US energy and fertilizer.
spglobal.comJ. Robinson, Harry WeberMay 13, 2020After 24 past bearish trade events, Natural Gas moved a median +2.8% over 5 sessions (54% higher; middle half -4.5% to +7.3%), and -1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
