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Asian spot LNG prices have risen 55 percent from their 2017 lows to $8.40 per mmBtu, driven by strong Chinese demand and refilling of summer stocks. Nuclear outages in Taiwan and new buyers such as Pakistan are absorbing LNG oversupply faster than expected.
Stronger Asian import demand pulls LNG cargoes away from other markets and supports global gas prices, though Henry Hub is only indirectly affected.
marinelink.comEric HaunSep 29, 2017Not enough comparable past events yet for a historical read.
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.
