# Gas Market Price Convergence May Lead to Global Marketplace - Butane/Propane News

> S&P Global Platts says 2016 showed substantial price convergence between regional gas markets, which may point to a truly global gas market. It notes that the Japan Korea Marker is gaining traction as an LNG benchmark and that oil indexation is being rethought. Platts forecasts Asian LNG production to rise 16% in 2017 while demand grows 6%.

- Date: 2017-02-27 · published 2017-02-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/72696-gas-market-price-convergence-may-lead-to-global-marketplace-butane-propane-news
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Pricing shifting away from oil indexation changes how energy costs pass through to fuel and fertilizer. Stronger Asian LNG demand could tighten global gas supply.

## Read by commodity

- NATGAS: neutral

## Sources

- bpnews.com: https://bpnews.com/gas-market-price-convergence-may-lead-global-marketplace/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.