# Explainer: Why would Europe need an EU-based LNG pricing benchmark?

> Gas prices differ across European hubs partly because of their different capacity to receive LNG cargoes. Countries with several LNG terminals, such as France, trade below hubs like Germany, which has no LNG terminal.

- Date: 2022-09-15 · published 2022-09-15T12:00:00.000Z
- Category: policy · region Europe · magnitude low
- Page: https://feedsoft.ai/events/39764-explainer-why-would-europe-need-an-eu-based-lng-pricing-benchmark
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The hub price gaps reflect regional infrastructure limits rather than a single market-wide shift. This matters mainly for European energy costs and the case for an EU-based benchmark.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-10-01 | [EU wants new transaction based LNG benchmark in bid to calm prices](https://feedsoft.ai/events/39762-eu-wants-new-transaction-based-lng-benchmark-in-bid-to-calm-prices.md) | -1.3% | -18.8% |
| NATGAS | 2022-08-30 | [Wholesale gas prices tumble as Europe prepares to intervene in energy markets](https://feedsoft.ai/events/40212-wholesale-gas-prices-tumble-as-europe-prepares-to-intervene-in-energy-markets.md) | -10.4% | -27.5% |
| 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 | 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 | 2017-06-30 | [Japan ruling shifts LNG balance of power to buyer \| The National](https://feedsoft.ai/events/70693-japan-ruling-shifts-lng-balance-of-power-to-buyer-the-national.md) | -5.5% | -3.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/why-would-europe-need-an-eu-based-lng-pricing-benchmark-2022-09-15/

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