# COMMENTARY: Asia takes LNG that Europe doesn't need as spot price stays muted

> Asian LNG imports rose sharply in March 2024 as buyers took advantage of lower spot prices to draw cargoes away from Europe. Asia's demand is pulling supply from the European market.

- Date: 2024-05-01 · published 2024-05-01T12:00:00.000Z
- Category: trade · region Asia · magnitude low
- Page: https://feedsoft.ai/events/30923-commentary-asia-takes-lng-that-europe-doesn-t-need-as-spot-price-stays-muted
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Shifting LNG flows toward Asia reflect soft spot prices and give limited support to global gas prices, with no direct feed impact.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-12-02 | [US LNG exports to Europe surge in November on higher prices](https://feedsoft.ai/events/27146-us-lng-exports-to-europe-surge-in-november-on-higher-prices.md) | -12.6% | +8.2% |
| NATGAS | 2019-04-03 | [U.S. LNG producers offer alternative pricing to woo buyers - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/59778-u-s-lng-producers-offer-alternative-pricing-to-woo-buyers-energy-news-top.md) | -0.6% | -4.3% |
| NATGAS | 2019-01-28 | [Europe set for 'genuine' LNG demand in coming years: industry](https://feedsoft.ai/events/61277-europe-set-for-genuine-lng-demand-in-coming-years-industry.md) | -13.0% | -9.1% |
| NATGAS | 2020-04-30 | [Cheniere Chief Says Price Negotiations, Force Majeures Off the Table During Pandemic](https://feedsoft.ai/events/53827-cheniere-chief-says-price-negotiations-force-majeures-off-the-table-during.md) | +6.9% | +0.6% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/asia-takes-lng-that-europe-doesnt-need-spot-price-stays-muted-russell-2024-04-08/

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