# Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices

> Equinor says competition for LNG between Asia and Europe, especially from China, will be the main driver of European gas prices. It expects prices around $10/MMBtu and European gas consumption about 15% below the five-year average.

- Date: 2024-04-26 · published 2024-04-26T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/30924-equinor-expects-asia-lng-competition-to-drive-european-natural-gas-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Asian competition for LNG supports a higher price floor for European gas, which keeps European energy costs elevated for feed and fertilizer producers.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-10-05 | [Natural Gas Price Benchmarks \| European Gas Hub](https://feedsoft.ai/events/50807-natural-gas-price-benchmarks-european-gas-hub.md) | +33.9% | +71.9% |
| NATGAS | 2023-03-22 | [U.S. Natural Gas Demand Exceeds Supply As LNG Exports Jump \| OilPrice.com](https://feedsoft.ai/events/37039-u-s-natural-gas-demand-exceeds-supply-as-lng-exports-jump-oilprice-com.md) | -4.9% | +3.9% |
| NATGAS | 2020-05-15 | [When Natural Gas Prices Converge](https://feedsoft.ai/events/53322-when-natural-gas-prices-converge.md) | +5.5% | +3.7% |
| NATGAS | 2021-03-05 | [LNG, seasonality, and natural gas price volatility - Enkon Energy Advisors](https://feedsoft.ai/events/48290-lng-seasonality-and-natural-gas-price-volatility-enkon-energy-advisors.md) | -3.0% | -6.8% |
| NATGAS | 2023-04-24 | [Volatility Still Lurking in Global Natural Gas Markets Despite Easing Prices](https://feedsoft.ai/events/36593-volatility-still-lurking-in-global-natural-gas-markets-despite-easing-prices.md) | +5.5% | +11.7% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/equinor-expects-asia-lng-competition-to-drive-european-natural-gas-prices/

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