# Insight: Gas crisis lands LNG cargo market in hands of energy giants

> Spot LNG cargo prices have risen to $175-$200 million from about $15-$20 million two years ago. The surge has pushed many smaller traders out, concentrating the business among major energy companies and trading houses.

- Date: 2022-10-01 · published 2022-10-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39770-insight-gas-crisis-lands-lng-cargo-market-in-hands-of-energy-giants
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

High LNG cargo costs keep gas-fired power and fertilizer costs elevated for importing countries, especially poorer states. Consolidation is not expected to ease until new supply arrives around 2026.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/gas-crisis-lands-lng-cargo-market-hands-energy-giants-2022-09-27/

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