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Reuters reports that British winter gas prices are unlikely to reach the January peaks because more LNG supply is expected. The January spike followed an outage at the Rough storage site.
Analysts expect about 20 million tonnes of new LNG supply this year, some of which could reach Europe.
Expected LNG supply growth points to softer European gas prices, which can lower nitrogen fertilizer costs. The effect on feed grain prices is indirect.
lngindustry.comJoseph GreenMay 26, 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.
