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The EIA reported that European LNG imports hit a record 12.7 Bcf/d in November, with January through November imports averaging 11 Bcf/d. Qatar, Russia and the US increased their combined exports to Europe by 3.7 Bcf/d this year.
Lower Asian spot LNG prices narrowed the price gap, pulling more cargoes toward Europe.
Strong European LNG demand absorbs global supply but has not offset the glut, so gas prices stay under pressure. Lower gas costs weigh modestly on energy-linked input costs for feed producers.
naturalgasintel.comJamison CocklinDec 27, 2019After 24 past bearish trade events, Natural Gas moved a median +2.8% over 5 sessions (54% higher; middle half -4.5% to +7.3%), and -1.2% 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.
