# Wholesale gas prices tumble as Europe prepares to intervene in energy markets

> The UK day-ahead wholesale gas price fell more than 20% to 447p per therm on Tuesday, and the month-ahead contract dropped about a quarter to 473p. The European Commission said it was working on an emergency package to intervene in energy markets.

- Date: 2022-08-30 · published 2022-08-30T12:00:00.000Z
- Category: policy · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/40212-wholesale-gas-prices-tumble-as-europe-prepares-to-intervene-in-energy-markets
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A sharp fall in European gas prices on intervention expectations eases energy and fertilizer cost pressure, though supply risks remain.

## Read by commodity

- UREA: bearish ▼
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-02-06 | [U.S. Oil and Gas Prices May Tumble On Trump's ‘Energy Revolution’ - Bloomberg](https://feedsoft.ai/events/72693-u-s-oil-and-gas-prices-may-tumble-on-trump-s-energy-revolution-bloomberg.md) | -0.8% | -14.1% |
| NATGAS | 2022-10-18 | [EU storage progress, warm weather deal blows to US, EU prices \| IG SG](https://feedsoft.ai/events/12794-eu-storage-progress-warm-weather-deal-blows-to-us-eu-prices-ig-sg.md) | -17.2% | +0.7% |
| NATGAS | 2017-04-04 | [Qatar restarts development of world's biggest gas field after 12-year freeze
\| Reuters](https://feedsoft.ai/events/71667-qatar-restarts-development-of-world-s-biggest-gas-field-after-12-year-freeze.md) | +2.1% | +2.5% |
| 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% |
| UREA | 2021-06-28 | [State planner investigates fertilizer market, following record urea prices](https://feedsoft.ai/events/46503-state-planner-investigates-fertilizer-market-following-record-urea-prices.md) | +2.9% | +1.2% |
| UREA | 2024-04-24 | [Global fertiliser prices set to drop but gas risks cause concern \| Farm Online \| ACT](https://feedsoft.ai/events/5022-global-fertiliser-prices-set-to-drop-but-gas-risks-cause-concern-farm-online-act.md) | -0.7% | -6.4% |
| UREA | 2021-12-02 | [China state planner to guarantee energy supply to fertiliser makers](https://feedsoft.ai/events/43913-china-state-planner-to-guarantee-energy-supply-to-fertiliser-makers.md) | -0.6% | -1.3% |
| UREA | 2023-04-02 | [Oil prices surge after surprise move to cut output](https://feedsoft.ai/events/7947-oil-prices-surge-after-surprise-move-to-cut-output.md) | +8.5% | +20.4% |

## Sources

- theguardian.com: https://www.theguardian.com/business/2022/aug/30/wholesale-gas-prices-tumble-as-europe-prepares-to-intervene-in-energy-markets

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