# European gas prices drop below €100 amid near-record LNG imports

> European gas futures fell as much as 9% to below €100/MWh, the first time in over a month, as near-record LNG imports and storage about 83% full eased supply concerns. Mild weather and seasonal lower industrial demand over Christmas added to the bearish pressure.

- Date: 2022-12-21 · published 2022-12-21T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/38415-european-gas-prices-drop-below-100-amid-near-record-lng-imports
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower European gas prices reduce energy and nitrogen fertilizer costs in Europe, though a planned EU price cap could affect future LNG flows.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- ajot.com: https://www.ajot.com/news/european-gas-prices-drop-below-a100-amid-near-record-lng-imports

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