Loading…
Qatar, the world's largest LNG exporter, is in a dispute with its biggest Japanese customers as new cheaper contracts with flexible terms gain ground. Exporters are trying to keep long-term deals written during tighter markets.
Asian spot LNG has fallen more than 70% since 2014 to about $5.50 per million BTU amid a wave of new supply from Australia and the US.
A global LNG glut is shifting bargaining power toward buyers and pushing spot gas prices lower. Lower gas prices reduce nitrogen fertilizer and energy costs for feed producers over time.
reuters.comMark TayJun 1, 2017After 24 past bearish trade events, Natural Gas moved a median +2.8% over 5 sessions (54% higher; middle half -4.5% to +7.3%), and -1.2% 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.
