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CEDIGAZ estimates that global natural gas consumption rose 3.3% to a record 3,640 bcm in 2017. Chinese demand grew about 15% on coal-to-gas switching, while U.S. consumption fell 1.4% as prices rose.
Strong global gas demand, led by China, supports the outlook for gas prices and LNG trade. Higher gas prices raise energy and fertilizer input costs for feed producers.
cedigaz.orgCedigazMay 14, 2018After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
