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Asian spot LNG prices for October delivery rose to an estimated $4.90-$5.20/MMBtu from about $4.40 a week earlier, tracking a spike in European gas. European prices jumped on Gazprom Opal pipeline flow cuts, French nuclear reactor problems and the Groningen field output cut.
Cameron LNG declared force majeure, though the impact was expected to be limited.
Higher LNG and European gas prices strengthen the energy-linked cost base and modestly support gas-based price sentiment, though US natural gas supply remains ample.
gasprocessingnews.comSep 13, 2019Not enough comparable past events yet for a historical read.
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.
