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Spot LNG cargo prices have risen to $175-$200 million from about $15-$20 million two years ago. The surge has pushed many smaller traders out, concentrating the business among major energy companies and trading houses.
High LNG cargo costs keep gas-fired power and fertilizer costs elevated for importing countries, especially poorer states. Consolidation is not expected to ease until new supply arrives around 2026.
reuters.comMarwa RashadOct 1, 2022Not enough comparable past events yet for a historical read.
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.
