# LNG is stepping up to solve Europe gas woes, but at a price

> Dutch TTF front-month gas hit 49.03 euros per MWh on November 22, the highest level in two years. LNG is being used to fill the gap in Europe's supply, but at a high cost.

- Date: 2024-11-25 · published 2024-11-25T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/27593-lng-is-stepping-up-to-solve-europe-gas-woes-but-at-a-price
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Elevated European gas prices raise energy and nitrogen fertilizer production costs, which can feed into feed prices. Sustained LNG demand supports the global gas price level.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |
| NATGAS | 2021-09-24 | [Europe's gas prices surge but who will cut consumption? Kemp](https://feedsoft.ai/events/7929-europe-s-gas-prices-surge-but-who-will-cut-consumption-kemp.md) | +15.4% | +1.4% |
| NATGAS | 2024-06-18 | [What’s in store for gas and LNG in Europe?  \| Wood Mackenzie](https://feedsoft.ai/events/29958-what-s-in-store-for-gas-and-lng-in-europe-wood-mackenzie.md) | +1.6% | -24.0% |
| NATGAS | 2020-06-30 | [TTF gas prices \| European Gas Hub](https://feedsoft.ai/events/52801-ttf-gas-prices-european-gas-hub.md) | +7.6% | +7.4% |
| NATGAS | 2025-10-06 | [European Union's US gas use set to soar, increasing price volatility \| Reuters](https://feedsoft.ai/events/22577-european-union-s-us-gas-use-set-to-soar-increasing-price-volatility-reuters.md) | -7.8% | +17.8% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/lng-is-stepping-up-solve-europe-gas-woes-price-russell-2024-11-25/

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