# U.S. natgas jumps 7% as LNG exports rise, some wells shut due to cold | Financial Post

> U.S. natural gas futures jumped about 7% after the EIA reported a 50 bcf storage draw, larger than the 45 bcf analysts expected. Gas flows to LNG export plants rose, and extreme cold froze some wells, cutting output. Freeport LNG's restart timing remained uncertain.

- Date: 2022-12-15 · published 2022-12-15T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11506-u-s-natgas-jumps-7-as-lng-exports-rise-some-wells-shut-due-to-cold-financial
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Colder weather and rising LNG feedgas tighten U.S. supply-demand balances, pushing gas prices higher. Higher natural gas costs raise input costs for U.S. nitrogen fertilizer and ethanol producers, which feeds into feed-grain economics.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-08-04 | [U.S. natgas rises to highest since January on surging LNG exports, hot weather \| Financial Post](https://feedsoft.ai/events/10737-u-s-natgas-rises-to-highest-since-january-on-surging-lng-exports-hot-weather.md) | +7.0% | +21.5% |
| NATGAS | 2018-01-02 | [It’s so cold in Alberta natural gas wells are freezing up,  sending prices soaring 72% \| Financial Post](https://feedsoft.ai/events/4676-it-s-so-cold-in-alberta-natural-gas-wells-are-freezing-up-sending-prices.md) | -13.3% | +2.7% |
| NATGAS | 2022-09-28 | [U.S. natgas up 3% as contract expires, global prices surge \| Financial Post](https://feedsoft.ai/events/39772-u-s-natgas-up-3-as-contract-expires-global-prices-surge-financial-post.md) | -9.8% | -20.1% |
| NATGAS | 2023-04-17 | [Nat-Gas Prices Surge on Cold U.S. Temps and Record LNG Exports](https://feedsoft.ai/events/36595-nat-gas-prices-surge-on-cold-u-s-temps-and-record-lng-exports.md) | +11.5% | +6.5% |
| NATGAS | 2020-07-07 | [U.S. natgas climbs to 2-month high on hot weather, pipe shutdown \| Financial Post](https://feedsoft.ai/events/11169-u-s-natgas-climbs-to-2-month-high-on-hot-weather-pipe-shutdown-financial-post.md) | -1.4% | +14.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-natgas-jumps-7-as-lng-exports-rise-some-wells-shut-due-to-cold

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