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Angola LNG was shut down for a minor intervention last week, adding to outages. Northeast Asian LNG spot prices have risen about 30 percent since late November, driven mainly by production outages.
Lost supply forces buyers to bid for replacement cargoes, keeping spot LNG prices elevated and supporting gas-linked fuel costs.
energyintel.comDec 22, 2016After 54 past bullish logistics events, NATGAS moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
