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IEA Executive Director Fatih Birol says Chinese gas demand will grow significantly and could help end the global LNG glut sooner. China's LNG imports rose 26.5% in the first nine months of 2016, while imports from Japan and South Korea fell.
Stronger Chinese LNG import demand could tighten Asian and global gas markets faster than expected, supporting gas prices.
investingnews.comPriscila BarreraNov 29, 2016After 59 past bullish trade events, NATGAS moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% 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.
