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A commentary revisits the global gas market a year after its earlier analysis, noting that natural gas faces no resource constraints but that liquefaction investment has been subdued. It points to new LNG projects from the US and Australia reaching the market, including Cove Point starting operations in early 2018.
Growing LNG supply from new projects points toward a looser global gas market over time, which tends to weigh on energy prices. Lower gas prices can reduce input costs for fertilizer and energy-intensive processing.
energypolicy.columbia.eduColumbia, CGEPApr 23, 2018After 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.
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.
