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Europe was the top destination for U.S. LNG for a third consecutive month. The European LNG benchmark traded at $37.36/mmBtu in the week reported, versus $27.59 in the same week of January.
Sustained European buying of U.S. LNG at high prices keeps export demand firm and supports U.S. gas prices, while any new shipping constraints would push prices higher.
reuters.comMarcy de LunaMar 1, 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.
