# US LNG exports to Europe surge in November on higher prices

> European natural gas prices climbed to their highest in two years in November on fears that remaining Russian pipeline supplies would be halted or curtailed. US LNG exports to Europe surged in November as buyers paid higher prices. The Dutch TTF benchmark reached about $14.97 per mmBtu on November 22.

- Date: 2024-12-02 · published 2024-12-02T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/27146-us-lng-exports-to-europe-surge-in-november-on-higher-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Strong US LNG export pull to Europe tightens the domestic balance and supports US gas prices, though the effect on Henry Hub is partly offset by export capacity limits. Fertilizer costs tied to gas remain elevated.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-10-27 | [Rising U.S. Exports Keeping a Lid on Global Natural Gas Prices — LNG Recap](https://feedsoft.ai/events/22582-rising-u-s-exports-keeping-a-lid-on-global-natural-gas-prices-lng-recap.md) | +17.8% | +33.5% |
| NATGAS | 2018-04-23 | [US LNG for Europe \| Oil & Gas Journal](https://feedsoft.ai/events/65700-us-lng-for-europe-oil-and-gas-journal.md) | +1.3% | +1.4% |
| NATGAS | 2022-10-03 | [More U.S. LNG heads to Europe despite output constraints \| Reuters](https://feedsoft.ai/events/39305-more-u-s-lng-heads-to-europe-despite-output-constraints-reuters.md) | -1.3% | -18.8% |
| NATGAS | 2024-05-01 | [COMMENTARY: Asia takes LNG that Europe doesn't need as spot price stays muted](https://feedsoft.ai/events/30923-commentary-asia-takes-lng-that-europe-doesn-t-need-as-spot-price-stays-muted.md) | +13.4% | +28.1% |
| NATGAS | 2019-12-03 | [More Volatility Expected in U.S. Natural Gas Market as LNG Exports Grow](https://feedsoft.ai/events/55769-more-volatility-expected-in-u-s-natural-gas-market-as-lng-exports-grow.md) | -4.7% | -7.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-lng-exports-europe-surge-november-higher-prices-2024-12-02/

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