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Australian domestic natural gas prices at several eastern and southeastern hubs have more than doubled since LNG projects began in Queensland. Supply shortages have occurred as LNG exports rise, and the EIA notes domestic prices have at times exceeded export prices.
Higher domestic gas costs in Australia raise energy and processing costs for local grain and feed processors, but the effect on global feed prices is limited.
eia.govU.S. Energy Information Administration (EIA) (.gov)Nov 1, 2017After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
