# European Gas Prices Retreat With Focus on Demand, LNG Shipments - Bloomberg

> European gas futures fell as much as 4.7% after traders weighed ample storage against possible demand recovery. Freeport LNG in Texas received further approvals to restart, which signals more U.S. LNG cargoes later in the quarter.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/37519-european-gas-prices-retreat-with-focus-on-demand-lng-shipments-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Ample European stocks and returning U.S. LNG supply weigh on global gas prices, which lowers energy and fertilizer costs for feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-02-02/european-gas-prices-retreat-with-focus-on-demand-lng-shipments

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