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Equinor says competition for LNG between Asia and Europe, especially from China, will be the main driver of European gas prices. It expects prices around $10/MMBtu and European gas consumption about 15% below the five-year average.
Asian competition for LNG supports a higher price floor for European gas, which keeps European energy costs elevated for feed and fertilizer producers.
naturalgasintel.comJacob DickApr 26, 2024After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% 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.
