◂ Event Timeline

Jan 31, 2023GEOPOLITICSEurope

Russia boosts LNG exports to Europe by 20% in 2022 - Refinitiv

Russia supplied Europe with about 17 million tonnes of LNG in 2022, up 20%, as pipeline gas from Russia was cut amid the Ukraine crisis. Europe increased seaborne LNG imports to offset the shortfall.

WHY IT MATTERS

Europe's reliance on seaborne LNG keeps global gas prices elevated and competitive with feed-relevant energy and fertilizer costs.

AFFECTSNatural Gas▲

SOURCE
reuters.comJan 31, 2023

Price reaction & history

Natural Gas▲bullishSO FAR1d -2.9%5d -16.0%20d -4.6%

After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.

Oct 22, 2025US hits top Russian oil companies with sanctions, EU bans Russian LNG | Reuters+0.5%
Oct 3, 2022Natural gas markets expected to remain tight into 2023 as Russia further reduces supplies to Europe - IEA-1.3%
Aug 24, 2026US LNG exports set for endurance test as high gas prices bite | Reuters+2.1%
Oct 1, 2021European gas prices hit all-time highs as Russian flows slump | Reuters-0.5%
Nov 3, 2021Explainer: Why Russian exports hold sway over European and British gas prices-7.5%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Natural Gas NATGAS · GP ▸

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