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An Informa analysis says LNG has linked regional gas markets, leaving prices more equal worldwide than in past years. Prices at the Russian border and in Northeast Asia were both $5.85/mmBtu at the end of winter, while US prices were near $3.
Global gas price convergence means US shale gas costs increasingly transmit to Europe and Asia, shaping energy and fertilizer input costs for feed producers.
After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% 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.