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The IEA's Global Gas Security Review projects global gas demand falling a record 120 bcm in 2020, with a rebound to pre-COVID levels expected in 2021. LNG contracting halved in 2020 to its lowest since 2009, and oil-indexed LNG share is expected to decline.
A sharp 2020 gas demand fall weighs on energy prices, while expected 2021 recovery supports gas and LNG demand. Changes in LNG contracting and pricing affect the energy cost base for fertilizer and feed producers.
europeangashub.comDavid CallananOct 12, 2020After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% 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.
