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US LNG exporters are shifting cargoes from Asia to Southern Europe because cold weather and reduced Algerian supply from Sonatrach's Skikda terminal pushed European gas prices to their highest premium over US prices in three years. Day-ahead prices at France's TRS hub reached a near five-year high.
Stronger European demand pulls US LNG export volumes abroad, which supports US gas demand and prices somewhat.
reuters.comJan 24, 2017After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
