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Feedgas demand at Kinder Morgan's Elba Liquefaction terminal in Georgia reached its highest level in three weeks on July 23. Strong international prices are driving high utilisation at US export terminals, with Chinese import strength supporting exports.
The facility has 2.5 million mt per year of capacity.
Higher LNG export utilisation draws more US gas abroad, tightening domestic supply and supporting Henry Hub prices. The effect on feed markets is limited to energy costs.
spglobal.comJul 23, 2021After 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.
