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Europe is receiving relief as cheap LNG offsets declining domestic gas output. The Groningen field is set to shut in 2030, and the Netherlands faces growing reliance on imports.
The article text is partial and provides limited detail on prices.
Europe's shift toward imported LNG ties regional gas prices more closely to global LNG supply and spot pricing. Cheap LNG supply is currently keeping European gas costs contained.
bloomberg.comVanessa Dezem, Anna Shiryaevskaya, Mathew CarrMay 13, 2019After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% 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.
