# LNG prices soar as China faces winter gas crunch | LNG Industry

> Asian spot LNG prices have risen more than two-thirds since May to about US$9 per MMBtu, above oil-linked prices of about US$8. Chinese utilities are buying spot cargoes worldwide to cover a winter supply shortfall caused by the coal-to-gas switch.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/10192-lng-prices-soar-as-china-faces-winter-gas-crunch-lng-industry
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Strong Chinese gas import demand tightens the global LNG market and supports energy prices. Higher gas costs can raise fertilizer and energy costs for feed producers.

## Read by commodity

- BRENT: neutral
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-01-01 | [China Winter Gas Binge Pushes It Toward No. 2 LNG Buyer Spot](https://feedsoft.ai/events/67657-china-winter-gas-binge-pushes-it-toward-no-2-lng-buyer-spot.md) | -13.3% | +2.7% |
| NATGAS | 2022-05-06 | [U.S. gas prices soar as Europe and Asia scramble for LNG](https://feedsoft.ai/events/12161-u-s-gas-prices-soar-as-europe-and-asia-scramble-for-lng.md) | -12.9% | -2.0% |
| NATGAS | 2021-12-21 | [LNG cargoes diverted toward Europe from Asia as gas prices soar \| Reuters](https://feedsoft.ai/events/43782-lng-cargoes-diverted-toward-europe-from-asia-as-gas-prices-soar-reuters.md) | -5.2% | +14.7% |
| NATGAS | 2017-11-03 | [LNG Prices Climbing As China Scrambles To Secure Supply \| OilPrice.com](https://feedsoft.ai/events/68164-lng-prices-climbing-as-china-scrambles-to-secure-supply-oilprice-com.md) | +13.7% | +8.5% |
| NATGAS | 2021-03-26 | [U.S. gas industry increasingly relies on LNG exports](https://feedsoft.ai/events/48285-u-s-gas-industry-increasingly-relies-on-lng-exports.md) | +1.3% | +8.4% |
| BRENT | 2021-04-14 | [China's Iranian oil buying spree crushes demand for Brazil, Angola crude](https://feedsoft.ai/events/47774-china-s-iranian-oil-buying-spree-crushes-demand-for-brazil-angola-crude.md) | +4.3% | +8.6% |
| BRENT | 2019-05-27 | [Oil under pressure from U.S.-China trade war, but OPEC cuts provide support, ETAuto](https://feedsoft.ai/events/59237-oil-under-pressure-from-u-s-china-trade-war-but-opec-cuts-provide-support-etauto.md) | -9.0% | -4.9% |
| BRENT | 2019-09-16 | [U.S. crude export demand surges after attack on Saudi facilities](https://feedsoft.ai/events/5708-u-s-crude-export-demand-surges-after-attack-on-saudi-facilities.md) | +6.6% | -0.3% |

## Sources

- lngindustry.com: https://www.lngindustry.com/liquid-natural-gas/03112017/lng-prices-soar-as-china-faces-winter-gas-crunch/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.