◂ Event Timeline

Mar 22, 2019MACROChina

Russia-China Power of Siberia gas pipeline on track for Dec startup: PetroChina

PetroChina says the Power of Siberia gas pipeline from Russia to China is on track to begin gas supply by December 2019. The pipeline is expected eventually to carry 38 Bcm per year.

WHY IT MATTERS

Additional pipeline gas supply to China gradually eases its import demand for LNG, a modestly bearish factor for global gas prices over time with no near-term feed impact.

AFFECTSNatural Gas▼

SOURCE
spglobal.comMar 22, 2019

Price reaction & history

Natural Gas▼bearishSO FAR1d -3.1%5d -4.9%20d -11.5%

After 59 past bearish macro events, Natural Gas moved a median +1.3% over 5 sessions (58% higher; middle half -5.0% to +5.2%), and -2.0% over 20.

Nov 30, 2016OPEC Deal Is Bad News for U.S. Gas and Good News for LNG - Bloomberg+16.7%
Apr 29, 2025Pound Sterling at Risk of 'Dovish' Bank of England Decision+11.1%
Sep 13, 2019IHS Markit: US natural gas price will fall to levels not seen since 1970s | World Pipelines-0.1%
May 7, 2020As demand for fuel falls, gas prices and output also take a hit | Coronavirus pandemic | Al Jazeera-17.4%
Apr 23, 2018A Changing Global Gas Order 2.0 - Center on Global Energy Policy at Columbia University SIPA | CGEP+1.3%

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.

Natural Gas NATGAS · GP ▸

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