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Asian spot LNG prices rose as Shell, the sole exporter of Peruvian LNG, bought replacement cargoes after Peru's plant suspended loadings. A Nigerian cargo was bought at an estimated $4.80-$4.90/mmBtu delivered, which traders called high.
Expected new supply from Wheatstone and Sabine Pass was seen as likely to limit gains.
Supply disruption tightened spot LNG, but the incoming Australian and US capacity is expected to pull prices back. Feed buyers watch this for gas-linked energy costs.
marinelink.comEric HaunJul 21, 2017After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
