# EU wants new transaction based LNG benchmark in bid to calm prices

> The European Union wants a new transaction-based benchmark for liquefied natural gas. It says falling Russian pipeline flows and record LNG imports have created imbalances in the current pricing mechanism.

- Date: 2022-10-01 · published 2022-10-01T12:00:00.000Z
- Category: policy · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/39762-eu-wants-new-transaction-based-lng-benchmark-in-bid-to-calm-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A new LNG benchmark could change how European gas is priced, which affects feedstock and energy costs for European livestock and feed producers. The direction of any price effect is uncertain until the benchmark is set.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-02-13 | [U.S. LNG Pause Could Help Balance Future Global Natural Gas Prices, Equinor Says](https://feedsoft.ai/events/31847-u-s-lng-pause-could-help-balance-future-global-natural-gas-prices-equinor-says.md) | -12.8% | -7.0% |
| NATGAS | 2024-02-28 | [Assessing the Domestic Energy Price Impact of LNG Exports](https://feedsoft.ai/events/31846-assessing-the-domestic-energy-price-impact-of-lng-exports.md) | +9.7% | -2.6% |
| NATGAS | 2017-12-05 | [China moves to control natural gas prices amid shortages – China Economic Review](https://feedsoft.ai/events/67653-china-moves-to-control-natural-gas-prices-amid-shortages-china-economic-review.md) | -4.4% | +47.0% |
| NATGAS | 2025-01-22 | [Boosting gas output while keeping prices low a tough task for Trump](https://feedsoft.ai/events/26695-boosting-gas-output-while-keeping-prices-low-a-tough-task-for-trump.md) | -15.5% | +36.1% |
| NATGAS | 2017-05-01 | [Trump Administration’s Push for Gas Exports Faces Market Glut](https://feedsoft.ai/events/71205-trump-administration-s-push-for-gas-exports-faces-market-glut.md) | -1.7% | -2.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/eu-wants-new-transaction-based-lng-benchmark-bid-calm-prices-2022-09-29/

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