◂ Event Timeline

Feb 1, 2023MACROChina

In 2023, China's appetite for LNG set to rise amid tepid demand across Asia

China's LNG imports are expected to rise in 2023 despite weak demand across Asia. Asian spot LNG prices hit record highs in 2022 after Europe imported record LNG volumes following Russian pipeline cuts.

WHY IT MATTERS

Stronger Chinese LNG buying could support global gas prices, which feed into fertilizer and energy costs.

AFFECTSNatural Gas▲

SOURCE
reuters.comEmily ChowFeb 1, 2023

Price reaction & history

Natural Gas▲bullishSO FAR1d -4.1%5d -7.6%20d +1.2%

After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.

Feb 4, 2018China's newfound LNG appetite drives up Asian energy costs - Nikkei Asia-8.9%
Oct 8, 2021Asia LNG price soars on China power crunch, European demand+1.9%
Apr 2, 2018Increase in Chinese Demand for Natural Gas Leads to Structural Change in Spot Prices-0.6%
May 15, 2026Asia LNG demand rebound lifts upside risks to Europe gas prices, Goldman Sachs says - The Economic Times+8.3%
Feb 14, 2018Asia's Soaring Gas Demand Opens Window for New LNG Projects - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com+2.6%

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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