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Cedigaz reports that Japan's average gas import price rose to $10/MBtu in Q2 and could approach $12 in Q1 2019, tracking oil prices. Average 2018 prices are expected to rise sharply in Europe (+36%) and Asia (+30-40%) but fall about 3% in the US.
Diverging regional gas prices show that US gas stays cheap relative to Asia and Europe, which favors US nitrogen fertilizer and energy costs over import-dependent regions. Oil-linked contract pricing keeps Asian gas costs elevated.
cedigaz.orgCedigazAug 7, 2018After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% 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.
