# Europe's gas supply concerns, high prices put New England forward market at risk | S&P Global

> Winter 2022-23 forward prices at Algonquin, the New England hub, rose above $23/MMBtu, and TTF forwards traded near $30/MMBtu. Concern over Europe's gas supply after the Russia-Ukraine conflict kept global gas markets under pressure, and New England's pipeline constraints leave it exposed to LNG prices.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: geopolitics · region US · magnitude low
- Page: https://feedsoft.ai/events/42450-europe-s-gas-supply-concerns-high-prices-put-new-england-forward-market-at-risk
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Global LNG price pressure transmits to U.S. regional gas markets during peak heating season, raising the energy cost base for processors and feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-06-30 | [FEATURE: All eyes on Europe's tight gas market going into Q3 \| S&P Global](https://feedsoft.ai/events/46766-feature-all-eyes-on-europe-s-tight-gas-market-going-into-q3-s-and-p-global.md) | -1.7% | +10.4% |
| 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 | 2026-07-07 | [Global demand for natural gas expected to contract this year as tighter supply pushes up prices - IEA](https://feedsoft.ai/events/18538-global-demand-for-natural-gas-expected-to-contract-this-year-as-tighter-supply.md) | -12.4% | -14.4% |
| NATGAS | 2022-07-29 | [Gas supply issues in Europe cause havoc with Nitrogen prices.](https://feedsoft.ai/events/5032-gas-supply-issues-in-europe-cause-havoc-with-nitrogen-prices.md) | -2.1% | +11.7% |
| 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% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/030122-europes-gas-supply-concerns-high-prices-put-new-england-forward-market-at-risk

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