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European and Asian LNG prices rose as the two regions competed for supply, with TTF above $8.00 and JKM near $9.00 per MMBtu. Cold European weather, lower pipeline imports, and storage about 25% below the five-year average supported the rally.
Tight European storage and competition for LNG cargoes keep global gas prices elevated, adding to nitrogen fertilizer and energy costs. The price pressure is tied to seasonal and supply factors.
naturalgasintel.comJamison CocklinMay 3, 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.
