# While Asia and Europe scramble for natural gas, the US glut has nowhere to go | Reuters

> Iran's war and attacks on Gulf energy producers have halted about 20% of global LNG supply, including damage to Qatari facilities. US Henry Hub gas fell to a 17-month low near $2.52/mmBtu because pipelines are full and LNG export plants are at capacity, while Europe and Asia prices soared.

- Date: 2026-05-01 · published 2026-05-01T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/19434-while-asia-and-europe-scramble-for-natural-gas-the-us-glut-has-nowhere-to-go
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

US gas is cut off from overseas buyers by export capacity limits, so global LNG tightness does not transmit to domestic US gas prices. Feed buyers face little direct corn or meal impact, but elevated energy costs in import markets matter for fertilizer and freight.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-03-12 | [Asia and LNG Are Disrupting Europe’s Natural Gas Price Model - Bloomberg](https://feedsoft.ai/events/48283-asia-and-lng-are-disrupting-europe-s-natural-gas-price-model-bloomberg.md) | -8.1% | -6.7% |
| NATGAS | 2023-01-03 | [Natural Gas Prices in Europe Fall to Pre-Invasion Levels - The New York Times](https://feedsoft.ai/events/9189-natural-gas-prices-in-europe-fall-to-pre-invasion-levels-the-new-york-times.md) | -4.8% | -32.8% |
| NATGAS | 2020-04-02 | [Feature: Unfettered global natural gas market a sign of the times](https://feedsoft.ai/events/53828-feature-unfettered-global-natural-gas-market-a-sign-of-the-times.md) | +11.2% | +8.8% |
| NATGAS | 2020-05-11 | [Natural Gas Exports Slow as Pandemic Reduces Global Demand - The New York Times](https://feedsoft.ai/events/10443-natural-gas-exports-slow-as-pandemic-reduces-global-demand-the-new-york-times.md) | -7.2% | -2.7% |
| NATGAS | 2025-04-28 | [Supply Disruptions Not Enough to Lift Global Natural Gas Prices as Asian Demand Remains Weak — LNG Recap](https://feedsoft.ai/events/25298-supply-disruptions-not-enough-to-lift-global-natural-gas-prices-as-asian-demand.md) | +18.9% | +10.8% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/while-asia-europe-scramble-natural-gas-us-glut-has-nowhere-go-2026-05-01/

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