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A Chinese government researcher said China's gas demand will slow over the next five years, especially for LNG. The Power of Siberia pipeline launched, with a planned 38 billion cubic meters a year to China by 2024.
Henry Hub prices had hit their lowest level since 2013 at year end.
Slowing Chinese gas imports and new pipeline supply reduce demand for LNG, adding downward pressure on global gas prices. Cheaper energy supports lower input costs for feed production.
oilprice.comIrina SlavDec 5, 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.
