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Thailand needs to increase LNG purchases as a steep production decline at its largest gas field coincides with an global energy crunch that is sending LNG prices higher. Sanctions also threaten gas supplies from Myanmar.
Thailand's need to buy more LNG at elevated prices adds demand to the global market and raises the energy cost of regional processing and feed production.
reuters.comChayut SetboonsarngMar 16, 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.
