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Taiwan said it will close its representative office in Papua New Guinea and stop purchasing LNG from the country, citing pressure from Beijing. Papua New Guinea had previously ordered the office closed, while Taiwan and the United States characterized the move as Chinese pressure on Taiwan.
Ending Taiwan’s purchases removes a source of demand for Papua New Guinea’s LNG, potentially redirecting cargoes to other buyers and weighing on regional LNG prices at the margin.
marketscreener.comReutersNov 6, 2026After 15 past bearish geopolitics events, Natural Gas moved a median -1.1% over 5 sessions (40% higher; middle half -9.2% to +2.4%), and +4.7% 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.
