US LNG developers are offering sales priced against benchmarks other than Henry Hub, including Platts JKM, ahead of a wave of new supply. Tellurian and Total signed a binding deal for 1.5 million tonnes per year of LNG from the Driftwood project priced off JKM, and Tellurian and Vitol signed an MoU on JKM-linked supply.
Oil-linked and gas-index pricing are shifting, which changes how global gas and energy costs are set over time. The direct impact on animal-feed commodity prices is small.
After 17 past neutral trade events, Natural Gas moved a median -0.6% over 5 sessions (47% higher; middle half -4.7% to +1.5%), and -4.3% 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.