# Europe Natural Gas Prices Jump as Major US LNG Plant Set to Stay Offline - Bloomberg

> European benchmark gas futures settled 9.2% higher after a 16% rise on Monday. Freeport LNG in Texas is likely to extend its outage that began in June, tightening global LNG supply just before winter.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/38856-europe-natural-gas-prices-jump-as-major-us-lng-plant-set-to-stay-offline
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Extended loss of a major US LNG export plant increases competition for cargoes and supports higher gas-linked energy costs, which raise fertilizer and processing expenses for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-09-21 | [Europe Gas Prices Gain After Flows Drop at Biggest US LNG Plant](https://feedsoft.ai/events/34287-europe-gas-prices-gain-after-flows-drop-at-biggest-us-lng-plant.md) | -0.5% | +8.4% |
| NATGAS | 2023-09-25 | [European Natural Gas Prices Rally on Extended Norwegian Supply Outages – LNG Recap](https://feedsoft.ai/events/34286-european-natural-gas-prices-rally-on-extended-norwegian-supply-outages-lng-recap.md) | +6.4% | +4.3% |
| 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% |
| NATGAS | 2023-06-16 | [Europe’s Fragile Gas Market Shows Risk of Crisis Redux - Bloomberg](https://feedsoft.ai/events/35687-europe-s-fragile-gas-market-shows-risk-of-crisis-redux-bloomberg.md) | +4.7% | +5.8% |
| 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% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-11-15/europe-gas-prices-prices-jump-on-cold-snap-lng-import-concern

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