◂ Event Timeline

Oct 2, 2023TRADEUS

US LNG exports slump in September as plant outages pare output

US spot gas prices were tame in September, with Henry Hub averaging $2.64/mmBtu compared with $2.58 in August. US LNG exports slumped as plant outages cut output.

WHY IT MATTERS

Lower LNG export volumes reduce demand pull on US gas, which is bearish for domestic prices and for energy-linked feed costs.

AFFECTSNatural Gas▼

SOURCE
reuters.comCurtis WilliamsOct 2, 2023

Price reaction & history

Natural Gas▼bearishSO FAR1d -1.2%5d +18.5%20d +14.3%

After 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.

Dec 20, 2024Natural gas demand from US LNG export plants heads for first decline in 8 years | Reuters-4.8%
Dec 23, 2021European Gas Plunges as Recent Rally Lures Flotilla of U.S. LNG-6.9%
Sep 1, 2021China's LNG import surge to cool in winter as high prices bite+9.9%
Dec 27, 2019European LNG Imports Hit Record Levels as Global Market Shifts-4.3%
Jan 31, 2017Trump’s Mexico Feud May Send Natural Gas to $2 If Exports End - Bloomberg-7.5%

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.

Natural Gas NATGAS · GP ▸

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