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The Northeast Asia spot LNG assessment rose 20 cents to $9.85/MMBtu for cargoes delivered four to eight weeks ahead. Southwest Europe spot LNG was unchanged at $7.70/MMBtu.
Heat-driven gains in Northeast Asian gas prices reflect strong cooling demand, with no direct link to feed commodity supply. The effect is confined to energy markets.
energyintel.comAuthor Tom Haywood, TexasJul 31, 2018Not 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.
