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Dutch and UK gas benchmarks gained after flows to Sabine Pass, the largest US LNG plant, dropped about 18% in a day. Norwegian flows were gradually recovering, while UK pipeline work was taking longer than planned.
Disruptions to US LNG exports tighten European supply and raise gas costs, which feed into fertilizer and energy expenses for feed producers.
naturalgasintel.comSep 25, 2023After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
Extended Norwegian outages and a drop in Sabine Pass flows lifted European gas benchmarks on 09-25, which supports global gas sentiment heading into the 09-27 move, though the link to US prices is indirect.
