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North Asian spot LNG prices surged to a record as Russian supply concerns intensified competition with Europe for available cargoes. The Japan-Korea Marker jumped 23% to about $59.67 per million Btu.
Asian and European buyers competing for limited LNG supply lifts global gas benchmarks, raising energy and fertilizer input costs across export-dependent markets.
bloomberg.comStephen Stapczynski, Ann KohApr 1, 2022After 136 past bullish geopolitics events, NATGAS 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.
