# Europe Gas Prices Gain After Flows Drop at Biggest US LNG Plant

> Natural gas prices in Europe rose as Norwegian exports ramped up only slowly after maintenance overran. The TTF November contract climbed 7% to near $15/MMBtu, and Australian LNG labour strikes were settling.

- Date: 2023-09-21 · published 2023-09-21T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/34287-europe-gas-prices-gain-after-flows-drop-at-biggest-us-lng-plant
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Extended Norwegian outages keep European gas tight into winter, supporting energy and nitrogen fertilizer costs that feed into feed production.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-11-15 | [Europe Natural Gas Prices Jump as Major US LNG Plant Set to Stay Offline - Bloomberg](https://feedsoft.ai/events/38856-europe-natural-gas-prices-jump-as-major-us-lng-plant-set-to-stay-offline.md) | +6.8% | +16.1% |
| NATGAS | 2017-06-21 | [UK gas prices set to rise after shutdown of country's biggest storage facility \| The Independent \| The Independent](https://feedsoft.ai/events/70692-uk-gas-prices-set-to-rise-after-shutdown-of-country-s-biggest-storage-facility.md) | +3.6% | +6.5% |
| NATGAS | 2023-08-21 | [European gas prices rise on growing prospect of Australian LNG strike](https://feedsoft.ai/events/34750-european-gas-prices-rise-on-growing-prospect-of-australian-lng-strike.md) | +0.2% | +5.5% |
| NATGAS | 2017-12-12 | [After Europe's Gas Market Disasters, LNG May Come to the Rescue \| Rigzone](https://feedsoft.ai/events/67648-after-europe-s-gas-market-disasters-lng-may-come-to-the-rescue-rigzone.md) | -3.2% | +7.5% |
| NATGAS | 2023-03-27 | [Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap](https://feedsoft.ai/events/37029-strikes-in-france-push-european-natural-gas-prices-higher-but-demand-seen.md) | +1.5% | +4.9% |
| UREA | 2023-08-10 | [Natural gas prices are spiking again. Here’s why \| CNN Business](https://feedsoft.ai/events/34748-natural-gas-prices-are-spiking-again-here-s-why-cnn-business.md) | -0.4% | +6.8% |
| UREA | 2022-09-14 | [Europe slashes fertilizer production \| The Western Producer](https://feedsoft.ai/events/39893-europe-slashes-fertilizer-production-the-western-producer.md) | +0.4% | -4.6% |
| UREA | 2023-12-11 | [Urea CFR Price Lifted by Buoyant Freight Rates \| CZ app](https://feedsoft.ai/events/32636-urea-cfr-price-lifted-by-buoyant-freight-rates-cz-app.md) | -3.1% | -2.4% |

## Sources

- energyconnects.com: https://www.energyconnects.com/news/gas-lng/2023/september/europe-gas-prices-gain-after-flows-drop-at-biggest-us-lng-plant/

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