# Asia Gas Prices Extend Surge as Region Seeks More Supply

> Asian spot LNG benchmark the Japan-Korea Marker surged 15% to its highest level since March. Japanese and South Korean importers are still seeking fall and winter cargoes.

- Date: 2022-08-01 · published 2022-08-01T12:00:00.000Z
- Category: geopolitics · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/40667-asia-gas-prices-extend-surge-as-region-seeks-more-supply
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Competition for limited LNG cargoes between Asia and Europe keeps global gas prices elevated, raising energy input costs for regional processors.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-03-16 | [Thailand faces perfect storm as it seeks more LNG supply \| Reuters](https://feedsoft.ai/events/42454-thailand-faces-perfect-storm-as-it-seeks-more-lng-supply-reuters.md) | +12.8% | +47.0% |
| 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 | 2022-07-29 | [European Natural Gas, Asian LNG Prices Soar on NS1 Supply Cuts](https://feedsoft.ai/events/40665-european-natural-gas-asian-lng-prices-soar-on-ns1-supply-cuts.md) | -2.1% | +11.7% |
| NATGAS | 2026-08-28 | [Gas Prices in Asia and Europe Jump as Qatar Extends LNG Force Majeure \| OilPrice.com](https://feedsoft.ai/events/18063-gas-prices-in-asia-and-europe-jump-as-qatar-extends-lng-force-majeure-oilprice.md) | +1.1% | +10.5% |
| NATGAS | 2026-03-03 | [Natural gas, LNG prices soar on Middle East supply fears](https://feedsoft.ai/events/20365-natural-gas-lng-prices-soar-on-middle-east-supply-fears.md) | +7.0% | -3.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-07-28/asian-gas-prices-extend-surge-on-renewed-effort-to-secure-supply

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