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U.S. LNG exporters are exporting record volumes to the European Union for a third consecutive month. Their prices have rallied since Russia's invasion of Ukraine, with spot LNG hitting a record near $60/mmBtu before easing to about $51.
Major exporters benefit from long-term sales deals signed in recent months.
Strong European demand for U.S. LNG keeps domestic gas tied to global prices, supporting U.S. natural gas costs and the energy inputs used in feed and fertilizer production.
reuters.comMarwa RashadMar 9, 2022After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% 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.
