◂ Event Timeline

Jan 1, 2018TRADEChina

China Winter Gas Binge Pushes It Toward No. 2 LNG Buyer Spot

China's winter gas demand is pushing it toward becoming the second-largest LNG buyer, ahead of South Korea. Demand is driven by environmental measures and winter heating needs.

WHY IT MATTERS

Rising Chinese LNG imports tighten global gas supply and support natural gas prices, with knock-on effects on fertilizer and energy costs.

AFFECTSNATGAS▲

SOURCE
bloomberg.comDan Murtaugh, Anna ShiryaevskayaJan 1, 2018

Price reaction & history

NATGAS▲bullishSO FAR1d +32.3%5d -13.3%20d +2.7%

After 59 past bullish trade events, NATGAS moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% over 20.

Nov 3, 2017LNG prices soar as China faces winter gas crunch | LNG Industry+13.7%
Dec 21, 2021LNG cargoes diverted toward Europe from Asia as gas prices soar | Reuters-5.2%
Nov 3, 2017LNG Prices Climbing As China Scrambles To Secure Supply | OilPrice.com+13.7%
Dec 21, 2016Cold snap drives China LNG imports to record in November | Business News - The Indian Express+12.2%
Nov 29, 2016Can China’s Growing Demand for Gas Balance the Market? | INN+14.6%

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.

NATGAS · GP ▸

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