# Global Natural Gas Prices Mixed as Market Tracks Tightening Supplies — LNG Recap

> US natural gas prices rose on Monday while overseas benchmarks lost steam after two weeks of gains. The February TTF contract closed at $14.58/MMBtu, up 7% on the week, as the Ukraine transit agreement neared expiry. Putin said alternative transit proposals would be difficult to achieve given Gazprom's long-term contracts.

- Date: 2024-12-30 · published 2024-12-30T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/27150-global-natural-gas-prices-mixed-as-market-tracks-tightening-supplies-lng-recap
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expiry of the Russian transit route and tight European supply support higher global LNG prices and energy costs. This tends to firm the nitrogen fertilizer and energy complex that feed buyers face.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-08-25 | [Global Natural Gas Prices Rebound as Market Dismisses Ukraine Peace Prospects — LNG Recap](https://feedsoft.ai/events/23525-global-natural-gas-prices-rebound-as-market-dismisses-ukraine-peace-prospects.md) | +7.7% | +4.5% |
| NATGAS | 2021-11-23 | [Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong -- LNG Recap](https://feedsoft.ai/events/44230-supply-outages-weather-forecasts-keep-global-natural-gas-prices-strong-lng-recap.md) | -5.5% | -18.6% |
| NATGAS | 2023-02-14 | [Global risks to the EU natural gas market](https://feedsoft.ai/events/37517-global-risks-to-the-eu-natural-gas-market.md) | -13.1% | +8.2% |
| NATGAS | 2026-07-07 | [Global demand for natural gas expected to contract this year as tighter supply pushes up prices - IEA](https://feedsoft.ai/events/18538-global-demand-for-natural-gas-expected-to-contract-this-year-as-tighter-supply.md) | -12.4% | -14.4% |
| NATGAS | 2026-03-03 | [Natural gas, LNG prices soar on Middle East supply fears](https://feedsoft.ai/events/20365-natural-gas-lng-prices-soar-on-middle-east-supply-fears.md) | +7.0% | -3.1% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/global-natural-gas-prices-mixed-as-market-tracks-tightening-supplies-lng-recap/

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