# What’s in store for gas and LNG in Europe?  | Wood Mackenzie

> Wood Mackenzie reports that European gas and LNG prices have risen recently on Russian supply risks, Norwegian field maintenance and rising Asian LNG demand. Chinese LNG imports rose 22% year to date and TTF is up 40% over three months, near US$11/MMBtu. European storage is forecast to reach full capacity by late September.

- Date: 2024-06-18 · published 2024-06-18T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/29958-what-s-in-store-for-gas-and-lng-in-europe-wood-mackenzie
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

High European gas prices raise nitrogen fertilizer costs and can squeeze European feed and processing margins. Forecast full storage and softer Asian demand would ease prices later in the year.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2016-12-01 | [Bullish outlook for US gas - LNG exporters face margin squeeze in glutted market \| Wood Mackenzie](https://feedsoft.ai/events/73643-bullish-outlook-for-us-gas-lng-exporters-face-margin-squeeze-in-glutted-market.md) | +10.9% | +14.3% |
| NATGAS | 2024-11-25 | [LNG is stepping up to solve Europe gas woes, but at a price](https://feedsoft.ai/events/27593-lng-is-stepping-up-to-solve-europe-gas-woes-but-at-a-price.md) | +14.0% | +18.4% |
| NATGAS | 2026-10-28 | [European natural gas prices soar: What it means for your winter bills](https://feedsoft.ai/events/625-european-natural-gas-prices-soar-what-it-means-for-your-winter-bills.md) | +0.7% | — |
| NATGAS | 2021-09-30 | [Why are gas prices on the rise and what does this mean for Singapore? - CNA](https://feedsoft.ai/events/45222-why-are-gas-prices-on-the-rise-and-what-does-this-mean-for-singapore-cna.md) | +4.2% | +8.1% |
| NATGAS | 2021-01-14 | [What the Rally in Gas Prices Tells us about Gas Markets and Energy Security](https://feedsoft.ai/events/49334-what-the-rally-in-gas-prices-tells-us-about-gas-markets-and-energy-security.md) | -10.2% | +55.7% |

## Sources

- woodmac.com: https://www.woodmac.com/news/opinion/whats-in-store-for-gas-and-lng-in-europe/

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