# Quarterly report – Q2 2020 - International natural gas prices - Cedigaz

> International spot gas prices fell to record lows in the second quarter of 2020 as lockdown-driven demand losses and LNG oversupply pushed European TTF below 1 dollar per MMBtu in May. European storage reached 80% full by the end of June.

- Date: 2020-07-07 · published 2020-07-07T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/11173-quarterly-report-q2-2020-international-natural-gas-prices-cedigaz
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Global LNG oversupply and high storage keep downward pressure on gas prices, and the forward curve points to further weakness through summer. Cheaper gas can weaken fertilizer and power costs but also reduces competitiveness for pipeline supplies.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-02-01 | [EIA expects 2018 and 2019 natural gas prices to remain relatively flat](https://feedsoft.ai/events/67161-eia-expects-2018-and-2019-natural-gas-prices-to-remain-relatively-flat.md) | -14.0% | -15.1% |
| NATGAS | 2023-08-31 | [Nat-Gas Prices Fall Back on Bearish EIA Report](https://feedsoft.ai/events/34751-nat-gas-prices-fall-back-on-bearish-eia-report.md) | -4.5% | +7.9% |
| NATGAS | 2023-02-01 | [EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024](https://feedsoft.ai/events/37942-eia-forecasts-lower-wholesale-u-s-natural-gas-prices-in-2023-and-2024.md) | -7.6% | +1.2% |
| NATGAS | 2019-10-25 | [Why Natural Gas Prices Could Take a Hit Next Week](https://feedsoft.ai/events/12168-why-natural-gas-prices-could-take-a-hit-next-week.md) | +15.4% | +9.7% |
| NATGAS | 2017-09-28 | [Natural gas prices shed over over percent after US inventory buildup](https://feedsoft.ai/events/69140-natural-gas-prices-shed-over-over-percent-after-us-inventory-buildup.md) | -3.6% | -0.9% |

## Sources

- cedigaz.org: https://www.cedigaz.org/quarterly-report-q2-2020-international-natural-gas-prices/

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