# Gas price shock set to add to Europe's industrial pain

> European industries are bracing for a new gas price shock over the winter as colder weather depletes stocks. Competition with Asia for LNG is intensifying, and reduced Russian supplies are looming. The article notes the prospect of a supply squeeze on the continent.

- Date: 2025-01-01 · published 2025-01-01T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/27144-gas-price-shock-set-to-add-to-europe-s-industrial-pain
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A European gas price shock raises ammonia and urea production costs, lifting nitrogen fertilizer prices. Tighter global LNG competition can also support US gas prices.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-12-03 | [Key global natural gas prices set to keep rising into 2025](https://feedsoft.ai/events/27138-key-global-natural-gas-prices-set-to-keep-rising-into-2025.md) | -0.5% | +12.3% |
| NATGAS | 2026-10-29 | [Equinor warns Europe is vulnerable to winter gas price spike if cold weather hits \| live](https://feedsoft.ai/events/262-equinor-warns-europe-is-vulnerable-to-winter-gas-price-spike-if-cold-weather.md) | -1.8% | — |
| NATGAS | 2022-12-08 | [European Natural Gas Prices Surge as Winter Blast Stokes Demand](https://feedsoft.ai/events/11510-european-natural-gas-prices-surge-as-winter-blast-stokes-demand.md) | +27.9% | -29.6% |
| NATGAS | 2018-01-09 | [Arctic blast sends natural gas prices to new record in North Carolina](https://feedsoft.ai/events/5984-arctic-blast-sends-natural-gas-prices-to-new-record-in-north-carolina.md) | +44.4% | -3.8% |
| NATGAS | 2019-03-01 | [Gas Prices Explode in U.S. Northwest as Temperatures Plunge](https://feedsoft.ai/events/7994-gas-prices-explode-in-u-s-northwest-as-temperatures-plunge.md) | +1.1% | -5.3% |
| UREA | 2026-01-21 | [Natural Gas Prices Soar as Winter Storm Is Set to Drop Snow, Ice Across Massive Swath of the US - Bloomberg](https://feedsoft.ai/events/4409-natural-gas-prices-soar-as-winter-storm-is-set-to-drop-snow-ice-across-massive.md) | +1.6% | +13.7% |
| UREA | 2025-02-13 | [Recovering wind output may help cool Europe’s heated gas market](https://feedsoft.ai/events/26215-recovering-wind-output-may-help-cool-europe-s-heated-gas-market.md) | -0.1% | -4.2% |
| UREA | 2026-01-20 | [Natural gas prices soar as cold snap blasts across the U.S.](https://feedsoft.ai/events/6506-natural-gas-prices-soar-as-cold-snap-blasts-across-the-u-s.md) | +1.4% | +13.7% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/gas-price-shock-set-add-europes-industrial-pain-2024-12-06/

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