# Warmer Weather, Increased Demand Jump Start Global Natural Gas Prices — LNG Recap

> Summer heat in the Northern Hemisphere and rising LNG demand lifted global gas benchmarks. The Dutch TTF rose above $11/MMBtu and Asian spot LNG held near $12.50, with Asian buyers competing for U.S. cargoes.

- Date: 2024-07-29 · published 2024-07-29T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/29452-warmer-weather-increased-demand-jump-start-global-natural-gas-prices-lng-recap
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Stronger European and Asian gas prices raise energy and nitrogen fertiliser costs for global feed producers. Competition for U.S. LNG also supports domestic gas prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-05-17 | [Natural Gas Prices Jump On Warmer Weather \| OilPrice.com](https://feedsoft.ai/events/47270-natural-gas-prices-jump-on-warmer-weather-oilprice-com.md) | -2.8% | +13.6% |
| NATGAS | 2022-01-26 | [U.S. Natural Gas Prices Jump On High Demand \| OilPrice.com](https://feedsoft.ai/events/6916-u-s-natural-gas-prices-jump-on-high-demand-oilprice-com.md) | +22.7% | +11.1% |
| NATGAS | 2021-02-01 | [Wintry Weather Lifts Natural-Gas Prices  - WSJ](https://feedsoft.ai/events/48840-wintry-weather-lifts-natural-gas-prices-wsj.md) | +20.6% | +4.5% |
| NATGAS | 2020-07-08 | [Rising Prices Fueled by Weather \| Global LNG Hub](https://feedsoft.ai/events/11171-rising-prices-fueled-by-weather-global-lng-hub.md) | -4.1% | +17.3% |
| 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% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/warmer-weather-increased-demand-jump-start-global-natural-gas-prices-lng-recap/

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