# Global gas price paths diverge as LNG reshapes market balances

> The World Bank's natural gas price index rose 5% in November after a 5% drop in Q3. US benchmark prices diverged from Europe, where prices have fallen every month since June to their lowest since spring 2024, as US prices broke above $5/mmBtu in early December. Global gas demand growth was weak in 2025 and is expected to recover moderately in 2026.

- Date: 2025-12-09 · published 2025-12-09T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/21692-global-gas-price-paths-diverge-as-lng-reshapes-market-balances
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The widening US-Europe spread shows LNG flows are reshaping global gas balances. US gas costs for fertilizer and energy-intensive inputs stay high while European costs stay low.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-06-04 | [Natural gas market: LNG trade disruptions and market rebalancing](https://feedsoft.ai/events/18988-natural-gas-market-lng-trade-disruptions-and-market-rebalancing.md) | +4.5% | +5.7% |
| NATGAS | 2018-06-28 | [Global Natural Gas Prices Converged More in 2017 as Use of LNG Spot Prices Increased](https://feedsoft.ai/events/64716-global-natural-gas-prices-converged-more-in-2017-as-use-of-lng-spot-prices.md) | -4.3% | -6.8% |
| NATGAS | 2020-10-12 | [global gas market \| European Gas Hub](https://feedsoft.ai/events/50810-global-gas-market-european-gas-hub.md) | -1.5% | +11.8% |
| NATGAS | 2023-11-14 | [EIA Forecasts ‘Balanced’ Global LNG Market This Winter, Aided by More U.S. Exports](https://feedsoft.ai/events/33346-eia-forecasts-balanced-global-lng-market-this-winter-aided-by-more-u-s-exports.md) | -7.3% | -16.6% |
| NATGAS | 2017-07-12 | [IEA sees global gas demand rising to 2022 as US drives market transformation - IEA](https://feedsoft.ai/events/70138-iea-sees-global-gas-demand-rising-to-2022-as-us-drives-market-transformation-iea.md) | +2.8% | -6.5% |

## Sources

- blogs.worldbank.org: https://blogs.worldbank.org/en/opendata/global-gas-price-paths-diverge-as-lng-reshapes-market-balances

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