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North American LNG project development is slowing even as LNG prices surge. One company agreed to sell 1.5 million tonnes per annum of LNG to BP, and another said it is finalizing a construction contract.
The article highlights the gap between high prices and new capacity.
Slow new LNG capacity keeps global gas markets tight for longer, which supports high gas prices and related fertilizer costs. The effect on near-term grain or feed prices is indirect.
reuters.comScott DisavinoNov 8, 2021After 155 past bullish macro events, NATGAS moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
