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Poten & Partners analyst Jon McDonald said Europe's LNG imports remain high and there is not enough supply to satisfy both Europe and Asia all year. Northeast Asia will need to rebuild inventories ahead of winter, which should pull more cargoes to the region from summer.
Tight LNG supply supports natural gas prices, which feed into nitrogen fertilizer and energy costs. Expected Asian restocking adds to freight demand.
poten.comAbout Post Author jilampiMay 2, 2022After 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.
Not 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.
