# LNG chain and Urea

Their prices have moved together.

Source page: https://www.materialinsights.org/links/lng-chain-and-urea/

[LNG chain](https://www.materialinsights.org/energy/e_lng/) (energy) and [Urea](https://www.materialinsights.org/chemicals/urea/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: feedstock cost

*Cost and price · Strong · Both ways*

Indian urea plants run on pooled gas, much of it imported LNG, so LNG prices drive Indian production cost and the subsidy bill. The Japan LNG price moves with urea at 0.11 monthly and 0.63 yearly, partly because LNG is often oil-indexed.

- **0.11** monthly change correlation
- **0.63** 12-month change correlation
- **0.79** fitted elasticity

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