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US natural gas demand from LNG export plants is heading for its first annual decline in eight years. The US is the largest LNG exporter and a key supplier to Europe.
European prices remain relatively high as expected US output growth has not materialized.
Weaker LNG feedgas demand reduces pull on US gas supply, which is bearish for domestic gas prices and eases pressure on nitrogen fertilizer costs.
reuters.comScott Disavino, Curtis WilliamsDec 20, 2024After 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.
