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Greece's LNG imports fell by more than half in Q1 2021 to 0.36 Bcm, as pipeline gas from the Southern Gas Corridor began and high spot LNG prices pulled cargoes to Asia. JKM was assessed at $7.44/MMBtu on April 12, and no US cargoes reached Greece.
Cargo diversion to Asia and pipeline substitution show how regional LNG flows shift with price, tightening Asian gas supply and supporting energy costs.
spglobal.comStuart ElliottApr 13, 2021After 59 past bullish trade events, NATGAS 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.
