◂ Event Timeline

Sep 12, 2017WEATHERAsia

Asian LNG prices spike as Hurricane Harvey disrupts exports

Asian spot LNG prices spiked in September as Hurricane Harvey disrupted U.S. Gulf Coast LNG exports. The storm's impact coincided with a seasonal rise in demand ahead of winter.

WHY IT MATTERS

Lost U.S. LNG export volumes tightened global gas supply and lifted international prices, with knock-on support for Henry Hub through linked export demand.

AFFECTSNatural Gas▲

SOURCE
asia.nikkei.comSep 12, 2017

Price reaction & history

Natural Gas▲bullishSO FAR1d +0.9%5d +7.3%20d -2.2%

After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.

Aug 28, 2020GLOBAL LNG-Asia LNG price hovers above $4/mmBtu as hurricane disrupts US exports | Gas Processing & LNG-5.8%
Nov 12, 2024Natural Gas Prices Soar as Hurricane Disruptions and Rising LNG Demand Shake Markets+32.3%
Apr 17, 2023Nat-Gas Prices Surge on Cold U.S. Temps and Record LNG Exports+11.5%
Jan 24, 2017U.S. LNG exports shift to Europe from Asia+0.8%
Aug 29, 2019Natural Gas Rises as Hurricane Dorian Heads Toward U.S. - WSJ+9.7%

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.

Natural Gas NATGAS · GP ▸

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