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Industry executives said natural gas oversupply from mega-projects and low oil prices will not last, and Jordan Cove LNG's president expects the industry to need extra supply by 2022-2023. Henry Hub was near $3.15/mmBtu, down 11% year on year, while Asian spot LNG traded above $5.
Expectations of a future supply deficit support longer-term gas prices, but current low Henry Hub prices keep near-term pressure on gas-linked feed and fertilizer costs low.
cnbc.comHuileng Tan, Akiko FujitaApr 4, 2017After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
