◂ Event Timeline

Jun 14, 2022TRADEEurope

U.S. efforts to help supply Europe with natural gas take a hit.

Two announcements on US efforts to help supply Europe with natural gas sent European gas prices up 16% on June 14, 2022. US natural gas prices moved in the opposite direction and fell more than 16%.

WHY IT MATTERS

Europe's prices are set regionally, so supply-help announcements lift European gas while the US price falls, showing the widening transatlantic spread that drives LNG flows.

AFFECTSNATGAS▼

SOURCE
nytimes.comJun 14, 2022

Price reaction & history

NATGAS▼bearishSO FAR1d -15.6%5d -23.8%20d -24.1%

After 24 past bearish trade events, NATGAS moved a median +2.8% over 5 sessions (54% higher; middle half -4.5% to +7.3%), and -1.2% over 20.

Jan 31, 2017Trump’s Mexico Feud May Send Natural Gas to $2 If Exports End - Bloomberg-7.5%
Dec 5, 2019Natural Gas Set To Fall Even Further | OilPrice.com-6.3%
Dec 27, 2019European LNG Imports Hit Record Levels as Global Market Shifts-4.3%
Dec 23, 2021European Gas Plunges as Recent Rally Lures Flotilla of U.S. LNG-6.9%
Feb 27, 2019Novatek, Shell see Russian gas keeping edge in Europe over U.S+8.3%

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.

Linked price moves

NATGAS-23.8%5 periods to Jun 21, 2022-3.0σ
US LNG export setback diverted price pressure: US gas fell over 16% as supply was trapped domestically while European prices rose.

NATGAS · GP ▸

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