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Analysis says a record 38 million tonnes (12%) of new LNG supply arrives in 2019 after two strong demand years, and a mild winter plus nuclear restarts in Japan and South Korea have left Europe well supplied. Asian LNG spot prices fell from over $11/mmBtu in October to about $4.5/mmBtu for May delivery, now at a discount to Europe.
Cheaper LNG and natural gas lower the cost of gas-fired power and nitrogen fertilizer production, a modest easing for feed ingredient costs. The article also argues the supply glut may turn into a shortfall without new investment.
forbes.comSimon FlowersApr 12, 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.
