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EU natural gas imports reached about 360 bcm in 2017, up 10% from 2016, with Russia supplying 43% and Norway 34%. US LNG's share of EU imports rose to more than 5% from 0.6% a year earlier.
Growing US LNG flows into Europe increase competition for pipeline gas and can shift which supply sets European hub prices. This may pressure oil-indexed Russian contract prices over time.
ogj.comConglin XuApr 23, 2018After 17 past neutral trade events, Natural Gas moved a median -0.6% over 5 sessions (47% higher; middle half -4.7% to +1.5%), and -4.3% 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.
