# GLOBAL LNG-Asia LNG price hits record high ahead of Nord Stream outage

> Asian spot LNG hit a fresh record, with October delivery into northeast Asia estimated at $70.50/mmBtu, up 23.7% week on week. Buyers restocked for winter ahead of a three-day Nord Stream 1 outage that is running at 20% of capacity, while Freeport LNG extended its outage.

- Date: 2022-08-26 · published 2022-08-26T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/40213-global-lng-asia-lng-price-hits-record-high-ahead-of-nord-stream-outage
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Record Asian and European LNG prices and a constrained US export base point to high global gas costs that raise fertilizer and energy costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2016-12-02 | [Global LNG prices hit 2016 high as OPEC agrees oil output cut](https://feedsoft.ai/events/73632-global-lng-prices-hit-2016-high-as-opec-agrees-oil-output-cut.md) | +8.1% | +10.1% |
| NATGAS | 2021-11-23 | [Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong -- LNG Recap](https://feedsoft.ai/events/44230-supply-outages-weather-forecasts-keep-global-natural-gas-prices-strong-lng-recap.md) | -5.5% | -18.6% |
| NATGAS | 2022-04-01 | [Asia LNG Price Surges to Record as War Spurs ‘Panic’ Over Supply](https://feedsoft.ai/events/42452-asia-lng-price-surges-to-record-as-war-spurs-panic-over-supply.md) | +11.8% | +26.8% |
| NATGAS | 2024-12-30 | [Global Natural Gas Prices Mixed as Market Tracks Tightening Supplies — LNG Recap](https://feedsoft.ai/events/27150-global-natural-gas-prices-mixed-as-market-tracks-tightening-supplies-lng-recap.md) | +20.6% | +7.4% |
| NATGAS | 2024-06-03 | [Nat-Gas Prices Soar as an Outage Cuts Norwegian Gas Supplies](https://feedsoft.ai/events/7806-nat-gas-prices-soar-as-an-outage-cuts-norwegian-gas-supplies.md) | +24.9% | +9.1% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/global-lng-asia-lng-price-135656856.html

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