Loading…
Asian spot LNG prices rose to $9.75/mmBtu for September delivery as a prolonged heatwave in Japan drove cooling demand and prompted utilities to restart mothballed power plants. New supply arrived as Novatek's second train at Yamal started operating, easing buyer pressure.
Heat-driven power demand tightens Asian LNG, while new Yamal output offsets some of the upside, leaving prices supported but capped. Feed buyers see little direct grain or oilseed effect from this energy move.
gasprocessingnews.comJul 27, 2018After 260 past macro events, Natural Gas moved a median +0.4% over 5 sessions (52% higher; middle half -4.5% to +7.3%), and +1.4% 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.
