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The European Union wants a new transaction-based benchmark for liquefied natural gas. It says falling Russian pipeline flows and record LNG imports have created imbalances in the current pricing mechanism.
A new LNG benchmark could change how European gas is priced, which affects feedstock and energy costs for European livestock and feed producers. The direction of any price effect is uncertain until the benchmark is set.
reuters.comBozorgmehr Sharafedin, Kate Abnett, Marwa RashadOct 1, 2022After 13 past neutral policy events, Natural Gas moved a median -1.3% over 5 sessions (46% higher; middle half -4.9% to +2.7%), and +2.1% 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.
