Provide Chain Disruptions Increase LNG Spot Costs
NATURAL GAS (HENRY HUB) ANALYSIS
- Climate, provide and logistical constraints aiding strengthening LNG costs
- Focus for the week: Weekly storage report scheduled tomorrow
2021 has been a optimistic 12 months for LNG spot prices with a number of components contributing to it’s upward trajectory. Demand for the commodity has risen notably in Asia and Europe resulting from cooler than anticipated climate circumstances. Coupled with the final EIA storage report (see beneath) which exhibits a marked discount (-130) in LNG shares from December. These components offered further LNG worth stimulus for January nonetheless, tomorrows storage knowledge (10:30 EST) ought to give an perception into the elevated demand on present shares.
Weekly Natural Gas storage report:
Supply: EIA – U.S. Power Info Administration
Recommended by Warren Venketas