# Explainer: Why are U.S. natural gas prices soaring? | Reuters

> US natural gas futures rose to a 13-year high of about $8 per MMBtu as Europe and Asia competed for US LNG cargoes. The explainer attributes the surge to strong export demand alongside tight storage.

- Date: 2022-05-06 · published 2022-05-06T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/12162-explainer-why-are-u-s-natural-gas-prices-soaring-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Export pull on US LNG tightens domestic supply and lifts gas prices. Higher gas costs raise nitrogen fertilizer prices and drying costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-02-03 | [LNG Exports Push Natural Gas Prices Up - ENGIE Resources](https://feedsoft.ai/events/20802-lng-exports-push-natural-gas-prices-up-engie-resources.md) | -15.4% | -18.5% |
| NATGAS | 2022-03-30 | [The LNG Export Boom Is Draining U.S. Natural-Gas Supplies and Lifting Prices](https://feedsoft.ai/events/42449-the-lng-export-boom-is-draining-u-s-natural-gas-supplies-and-lifting-prices.md) | +12.4% | +33.0% |
| NATGAS | 2026-10-28 | [LNG Demand, November Expiry Bolster Natural Gas Prices](https://feedsoft.ai/events/263-lng-demand-november-expiry-bolster-natural-gas-prices.md) | +0.7% | — |
| NATGAS | 2022-01-28 | [Natural Gas Prices Surge Higher on LNG Flows](https://feedsoft.ai/events/6917-natural-gas-prices-surge-higher-on-lng-flows.md) | +1.4% | -13.6% |
| NATGAS | 2025-08-14 | [Key US natural gas trends to track as LNG exports hit new highs \| Reuters](https://feedsoft.ai/events/23524-key-us-natural-gas-trends-to-track-as-lng-exports-hit-new-highs-reuters.md) | -3.9% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/why-are-us-natural-gas-prices-soaring-2022-05-06/

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