# Asia LNG Price Surges to Record as War Spurs ‘Panic’ Over Supply

> North Asian spot LNG prices surged to a record as Russian supply concerns intensified competition with Europe for available cargoes. The Japan-Korea Marker jumped 23% to about $59.67 per million Btu.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: geopolitics · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/42452-asia-lng-price-surges-to-record-as-war-spurs-panic-over-supply
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Asian and European buyers competing for limited LNG supply lifts global gas benchmarks, raising energy and fertilizer input costs across export-dependent markets.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-08-01 | [Asia Gas Prices Extend Surge as Region Seeks More Supply](https://feedsoft.ai/events/40667-asia-gas-prices-extend-surge-as-region-seeks-more-supply.md) | -1.2% | +13.4% |
| 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 | 2022-08-26 | [GLOBAL LNG-Asia LNG price hits record high ahead of Nord Stream outage](https://feedsoft.ai/events/40213-global-lng-asia-lng-price-hits-record-high-ahead-of-nord-stream-outage.md) | -1.1% | -27.9% |
| NATGAS | 2026-03-19 | [Prices for oil, fuel cargoes smash record highs as Iran war chokes Middle East supply \| Reuters](https://feedsoft.ai/events/6637-prices-for-oil-fuel-cargoes-smash-record-highs-as-iran-war-chokes-middle-east.md) | -4.7% | -12.3% |
| 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% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-03-04/asia-lng-price-surges-to-record-as-war-spurs-panic-over-supply

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