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A gas leak at the Hammerfest LNG plant in Norway, Europe's only large-scale LNG export terminal, shut the facility until Friday. Japan's LNG inventories rose 26.5% in the week to April 21, and Freeport's feed gas flows declined again.
Supply outages at major LNG export points tighten global gas markets and lift European and Asian gas prices. Higher energy costs can raise fertilizer and processing expenses for feed producers.
naturalgasintel.comApr 25, 2024After 54 past bullish logistics events, Natural Gas 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.
Hammerfest and Freeport outages lifted global LNG prices in the prior week, adding to bullish sentiment, though the Freeport disruption was reversing by April 29.
