# SHELL | Global LNG prices could spike this winter on low European gas stocks

> Executives at the Gastech conference warned that global LNG spot prices could spike this winter as European storage sits at record lows. Qatar and the UAE were unable to ship LNG through the Strait of Hormuz, with about 36 million tonnes of supply lost this year. Woodmac said spot prices could reach $40/MMBtu.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/36127-shell-global-lng-prices-could-spike-this-winter-on-low-european-gas-stocks
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tight global LNG supply and low European storage increase competition for US cargoes and can lift US gas prices, raising energy costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-10-01 | [Will European Gas Prices Keep Rising This Winter?](https://feedsoft.ai/events/17649-will-european-gas-prices-keep-rising-this-winter.md) | +5.2% | -7.8% |
| NATGAS | 2026-08-27 | [Europe’s gas stores are running low — and prices could top 100 euros](https://feedsoft.ai/events/18060-europe-s-gas-stores-are-running-low-and-prices-could-top-100-euros.md) | +3.2% | +11.3% |
| NATGAS | 2022-07-29 | [European Natural Gas, Asian LNG Prices Soar on NS1 Supply Cuts](https://feedsoft.ai/events/40665-european-natural-gas-asian-lng-prices-soar-on-ns1-supply-cuts.md) | -2.1% | +11.7% |
| NATGAS | 2026-09-09 | [European Natural Gas Prices Surge as Middle East Attacks Choke LNG Shipments - WSJ](https://feedsoft.ai/events/17648-european-natural-gas-prices-surge-as-middle-east-attacks-choke-lng-shipments-wsj.md) | +1.3% | +5.6% |
| NATGAS | 2024-08-29 | [Higher Natural Gas Prices Seen This Winter in Europe as Geopolitical Complications Mount](https://feedsoft.ai/events/28999-higher-natural-gas-prices-seen-this-winter-in-europe-as-geopolitical.md) | +11.7% | +36.8% |

## Sources

- stockopedia.com: https://www.stockopedia.com/share-prices/shell-LON:SHEL/news/global-lng-prices-could-spike-this-winter-on-low-european-gas-stocks-01a0adf3-c151-76c6-9522-0432287fb512/

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