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Europe's gas prices hit four-year highs after a pipeline defect shut a North Sea gas network and an explosion disrupted a key connection point in Austria. Petronas is reportedly sending the first tanker from Russia's Yamal LNG project to a U.K. port, and a Qatari cargo is due to arrive first.
Higher northwest European prices pull LNG cargoes away from Asia and support natural gas prices, which raise fertilizer and energy costs for feed production.
rigzone.comLars Paulsson, Anna ShiryaevskayaDec 12, 2017After 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.
