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The CSIS Gas Line quarterly report says a wave of LNG supply has pushed spot gas prices to multi-year lows in Europe and Asia. Title Transfer Facility prices fell about 60% since October 2018, while Henry Hub remained muted.
The report questions whether low prices will shut in high-cost projects or boost fuel switching.
A prolonged glut of cheap gas can change fuel-switching economics and energy input costs, but it has limited near-term direct impact on feed commodity prices.
csis.orgNikos TsafosJul 1, 2019After 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.
