# Europe Gas Prices Drop to 3-Month Low as EU Plans More Crisis Measures - Bloomberg

> European natural gas fell to its lowest level since June as the EU prepared measures to curb volatility in the region's largest market. Benchmark futures dropped 9.9% on mild weather, steady LNG inflows and high winter stockpiles.

- Date: 2022-10-17 · published 2022-10-17T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/12789-europe-gas-prices-drop-to-3-month-low-as-eu-plans-more-crisis-measures-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Europe's high stockpiles and LNG arrivals are pulling gas prices down, lowering fertilizer and energy costs for feed makers. Pending EU intervention adds uncertainty to the price path.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2022-10-21 | 5 | -25.1% | -2.8 | A near 10% drop in European gas on mild weather and high stockpiles spilled over to US prices through global LNG pricing sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-01-03 | [Europe Natural Gas Prices Decline as Persistent Mild Weather Curbs Demand - Bloomberg](https://feedsoft.ai/events/9185-europe-natural-gas-prices-decline-as-persistent-mild-weather-curbs-demand.md) | -4.8% | -32.8% |
| NATGAS | 2023-01-05 | [Europe's gas prices slump to moderate storage build](https://feedsoft.ai/events/9184-europe-s-gas-prices-slump-to-moderate-storage-build.md) | -10.5% | -35.3% |
| NATGAS | 2022-10-14 | [Natural Gas Prices Suffer Longest US Losing Streak in 21 Years - Bloomberg](https://feedsoft.ai/events/12788-natural-gas-prices-suffer-longest-us-losing-streak-in-21-years-bloomberg.md) | -19.5% | -15.7% |
| NATGAS | 2026-01-08 | [Natural Gas Forward Prices Slump as Mother Nature Fails to Impress](https://feedsoft.ai/events/8587-natural-gas-forward-prices-slump-as-mother-nature-fails-to-impress.md) | -5.5% | +30.2% |
| NATGAS | 2024-10-18 | [US Natgas Prices Hold Near 1-Month Low as LNG Feedgas Rise Offsets Mild Weather - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/10303-us-natgas-prices-hold-near-1-month-low-as-lng-feedgas-rise-offsets-mild-weather.md) | +0.0% | +6.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-10-17/europe-gas-drops-to-3-month-low-as-eu-plans-more-crisis-measures

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