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Wood Mackenzie says Europe has become the main price-setter in the global LNG market, with the TTF hub near $9 per MMBtu, a level not seen since 2018. The firm links the rally to post-pandemic demand recovery, limits on Russian pipeline exports, cold April weather, and coal-to-gas switching economics.
Strong European demand pulls LNG cargoes away from Asia and keeps global gas prices high. That raises energy and fertilizer costs for feed producers.
nsenergybusiness.comJames MurrayMay 27, 2021Not enough comparable past events yet for a historical read.
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.
