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Russia's Gazprom cut Nord Stream 1 supplies to Europe to 20% of capacity, citing turbine maintenance, while the EU called the move politically motivated. LNG prices in Europe jumped and North Asian spot prices hit their highest since March.
Asian utilities competing with Europe for scarce LNG cargoes push up regional gas prices and raise energy costs for feed and fertilizer producers.
1-e8259.azureedge.netLiam GibsonJul 29, 2022After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
