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Asian spot LNG for February delivery rose to $11.50/MMBtu after outages at Malaysia's Bintulu complex, Russia's Sakhalin II, Angola LNG and Sabine Pass. Prices were at three-year highs, though some buyers were deferring purchases.
Supply outages tightened the Asian LNG market and lifted global gas-linked energy costs. Higher gas prices raise fertilizer and processing costs for feed producers.
lngindustry.comJoseph GreenJan 16, 2018After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
