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Cedigaz reports that global LNG imports rose 12.2% in 2019 to 350.5 million tonnes, with Europe taking most of the new volumes. Growth in Asia slowed sharply, with Japan and South Korea importing less and China's net imports rising 14%.
Weak Asian LNG demand combined with surplus supply keeps global gas prices low, lowering energy costs for feed processing. Slower Chinese gas demand growth signals softer overall energy consumption in a key import market.
cedigaz.orgCedigazJan 28, 2020After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% 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.
