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Woodside Energy's CEO says LNG prices will stay elevated because the market is structurally tight and Russia's invasion of Ukraine has pushed buyers away from Russian supply. Europe and Asia are refilling storage ahead of winter, and new supply is limited.
Forward curves reflect elevated prices for the next year or more.
Sustained high LNG prices support global gas and nitrogen fertilizer costs, keeping feed input costs firm.
spglobal.comSurabhi Sahu, Eric YepMay 25, 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.
