# Global natural gas and LNG markets: Europe approaches winter drawdown with low storage and stronger Asian LNG competition | Report Interpretation | Hilo Research

> UBS expects EU gas storage to reach only 74% before winter and fall to about 25% by winter-end. EU storage was 72% full on 29 September, versus 87% on the five-year average, and Asian LNG arrivals rose as Japan and Korea competition for spot cargoes increased.

- Date: 2026-10-01 · published 2026-10-01T12:00:00.000Z
- Category: report · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/17235-global-natural-gas-and-lng-markets-europe-approaches-winter-drawdown-with-low
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A low European winter buffer and stronger Asian demand will keep European gas and ammonia-based fertilizer costs firm, which supports urea prices. Higher energy costs for European crushing and processing could add modest upward pressure on feed costs.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-11-29 | [667. Global Fertilizer Market and Policy Trends \| Japan International Research Center for Agricultural Sciences \| JIRCAS](https://feedsoft.ai/events/38623-667-global-fertilizer-market-and-policy-trends-japan-international-research.md) | -4.0% | -7.5% |
| UREA | 2025-11-18 | [1382. Recent Fertilizer Market Trends \| Japan International Research Center for Agricultural Sciences \| JIRCAS](https://feedsoft.ai/events/21857-1382-recent-fertilizer-market-trends-japan-international-research-center-for.md) | -0.5% | -7.5% |
| UREA | 2021-10-01 | [UK harvest reviewed as US stock reports pushes global wheat higher: Grain market daily \| AHDB](https://feedsoft.ai/events/11319-uk-harvest-reviewed-as-us-stock-reports-pushes-global-wheat-higher-grain-market.md) | +26.3% | +29.3% |
| UREA | 2022-06-30 | [Impacts and Repercussions of Price Increases on the Global Fertilizer Market \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/40878-impacts-and-repercussions-of-price-increases-on-the-global-fertilizer-market.md) | +2.0% | +4.4% |
| UREA | 2022-07-05 | [Impacts and Repercussions of Price Increases on the Global Fertilizer Market](https://feedsoft.ai/events/40415-impacts-and-repercussions-of-price-increases-on-the-global-fertilizer-market.md) | -0.0% | +12.8% |

## Sources

- xxquant.com: https://www.xxquant.com/en/institution/institutional-research/cb54b2b65c1f84b61fb76e0900e37de5

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