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Worker disputes at Australian LNG producers have pushed the weekly spot LNG price for North Asia to $11.50 per mmBtu, the highest in a month. Future swaps for October to December delivery jumped to $15-18 per mmBtu.
Potential loss of Australian LNG supply tightens global gas and could push buyers toward alternatives, keeping energy costs elevated for feed producers through fertilizer and drying-fuel costs.
reuters.comSudarshan Varadhan, Lewis JacksonSep 1, 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.
