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An Oxford Institute for Energy Studies podcast examines the January spike in spot Asian LNG above $30/MMBtu. The discussion attributes the spike to cold Northeast Asian weather, supply outages at export plants, tight tanker capacity, and Asia's lack of gas storage and fragmented pipeline network.
The analysis explains why Asian gas shortages can pull LNG cargoes away from other regions, which affects global gas price benchmarks that influence energy and fertilizer costs.
oxfordenergy.orgBy: OIESFeb 25, 2021After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
