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Asian spot LNG prices stayed firm into late December, with February cargoes reaching $9.50/mmBtu. Cold weather in South Korea, China and Turkey lifted demand while Chevron's Angola LNG and Gorgon plants suffered outages.
Supply outages combined with winter demand tighten the LNG market and push up gas-linked power costs, supporting gas prices in the near term.
hydrocarbonprocessing.comDec 23, 2016After 221 past bullish weather events, NATGAS 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.
