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CSIS's quarterly Gas Line reviews the strong rebound in global gas prices, with JKM rising from about $2 in April 2020 to over $14/MMBtu at year-end and TTF up almost sixfold since summer. The commentary discusses how the price recovery could support investment in long-term gas supply.
It also highlights volatility and the gap between US and overseas prices.
Higher global gas prices improve the outlook for new LNG supply investment, which over time affects energy costs for fertilizer and feed production.
csis.orgNikos TsafosJan 4, 2021After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
