Loading…
European gas prices face downside as milder weather, higher Norwegian flows and increased Russian nominations ease pressure, while European storage stands at 38% of capacity. Record January LNG imports into Europe, with about 46% from the US, and the Snohvit LNG restart was delayed to mid-May 2022.
Bearish European demand and supply flows offset concerns about low storage and Russia-Ukraine tensions, while frigid US forecasts and Asian supply tightness support prices elsewhere.
lngindustry.comSarah SmithFeb 3, 2022After 15 past neutral weather events, Natural Gas moved a median -5.0% over 5 sessions (27% higher; middle half -11.3% to -0.9%), and +4.6% 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.
