Crude oil and LNG chain

Their prices have moved together.

Crude oil (energy) and LNG chain (energy): 1 relationship.

How they are linked

1. Price link: priced by formula

Cost and price · Moderate · Both ways

Most Asian LNG is bought on long-term contracts that set the gas price as a share of a lagged oil price. That shows in the data: monthly moves hardly correlate (-0.06) but yearly changes correlate at 0.56, and oil leads Japan's LNG price by about 4 months.

• -0.06 monthly change correlation
• 0.56 12-month change correlation
• 0.71 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.