# Europe remains top destination for U.S. LNG for 3rd consecutive month

> Europe was the top destination for U.S. LNG for a third consecutive month. The European LNG benchmark traded at $37.36/mmBtu in the week reported, versus $27.59 in the same week of January.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/42451-europe-remains-top-destination-for-u-s-lng-for-3rd-consecutive-month
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Sustained European buying of U.S. LNG at high prices keeps export demand firm and supports U.S. gas prices, while any new shipping constraints would push prices higher.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-02-01 | [Gas gap in Europe drives U.S. LNG exports to record high](https://feedsoft.ai/events/43318-gas-gap-in-europe-drives-u-s-lng-exports-to-record-high.md) | -16.7% | -14.2% |
| NATGAS | 2020-10-20 | [U.S. natgas jump to 20-month high on rising LNG exports, cold weather](https://feedsoft.ai/events/7677-u-s-natgas-jump-to-20-month-high-on-rising-lng-exports-cold-weather.md) | +21.5% | +4.8% |
| NATGAS | 2022-05-06 | [U.S. gas prices soar as Europe and Asia scramble for LNG](https://feedsoft.ai/events/12161-u-s-gas-prices-soar-as-europe-and-asia-scramble-for-lng.md) | -12.9% | -2.0% |
| NATGAS | 2021-12-20 | [Europe desperate for LNG, while Asia has more than it needs \| The Straits Times](https://feedsoft.ai/events/43795-europe-desperate-for-lng-while-asia-has-more-than-it-needs-the-straits-times.md) | +1.2% | +19.3% |
| NATGAS | 2021-12-21 | [LNG cargoes diverted toward Europe from Asia as gas prices soar \| Reuters](https://feedsoft.ai/events/43782-lng-cargoes-diverted-toward-europe-from-asia-as-gas-prices-soar-reuters.md) | -5.2% | +14.7% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/europe-remains-top-destination-us-lng-3rd-consecutive-month-2022-03-01/

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