QatarEnergy To Sign Long-Term Asian LNG Supply Deal On Thursday
Portfolio Pulse from Benzinga Newsdesk
QatarEnergy is set to sign a long-term Asian LNG supply deal on Thursday, according to Reuters. This could potentially impact the United States Natural Gas Fund (UNG).
May 30, 2023 | 3:40 pm
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NEUTRAL IMPACT
QatarEnergy's long-term Asian LNG supply deal may impact the United States Natural Gas Fund (UNG) as it could affect global LNG supply and demand dynamics.
The long-term Asian LNG supply deal by QatarEnergy may affect global LNG supply and demand dynamics. As UNG tracks the price of natural gas, any changes in the global LNG market could potentially impact UNG's performance. However, the direct impact of this specific deal on UNG is uncertain, hence the neutral score.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50