Save Natural Gas Price v.s RTS Index
Russia is the 2nd largest producer and the largest exporter of natural gas, whose export accounts for 20% of global export of natural gas. Natural gas accounts for 7% of its total exports, the majority of which goes to both CIS and non-CIS countries, such as the European Union (85%) and Belarus (14%). After Russia being sanctioned in 2014, the EU began importing natural gas from China and Japan to reduce trade dependence on Russia.
RTS Index consists mostly of oil and natural gas industry. Natural gas price and RTS Index have a positive correlation and a correlation coefficient of 0.4.
NYMEX Natural Gas Futures Price (L)2022-01-184.30
RTS Index (R)2022-01-181,391.93