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The Freeport LNG outage was expected to last several months, sending US and global natural gas markets into disarray on June 14, 2022. European prices rose on renewed supply fears, while US domestic futures fell 21% due to a sharp drop in summer feed gas demand.
Lower feed gas demand at US LNG plants removes a major source of domestic demand, pushing US prices sharply lower while tighter European supply lifts prices there.
energyintel.comDaniel Stemler, MadridJun 14, 2022After 29 past bearish logistics events, Natural Gas moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% 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.
Months-long outage sharply reduced summer feed-gas demand, with US futures falling about 21% while the market was disrupted.
