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Egypt said its gas imports from outside the country fell from 800 MMcf/d to zero as Israel intensified its war with Hamas. Israeli supply disruptions have also curbed Egyptian LNG exports, which had been a marginal source for Europe.
Lost LNG flows tighten the market for European and Asian buyers who depend on LNG, supporting higher gas prices and energy costs.
naturalgasintel.comJamison CocklinOct 30, 2023After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
