# Gas gap in Europe drives U.S. LNG exports to record high

> Record U.S. LNG exports in December were driven by strong European demand, with about half of volumes going to Europe, up from 37% earlier in 2021. European and Asian gas prices hit record highs as winter supply worries mounted.

- Date: 2022-02-01 · published 2022-02-01T12:00:00.000Z
- Category: trade · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/43318-gas-gap-in-europe-drives-u-s-lng-exports-to-record-high
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Strong pull on U.S. LNG tightens the domestic natural gas balance and supports prices, while feeding higher fertilizer and energy costs that feed into grain and feed input prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-12-02 | [US LNG exports hit record highs as global gas crunch persists \| S&P Global](https://feedsoft.ai/events/43793-us-lng-exports-hit-record-highs-as-global-gas-crunch-persists-s-and-p-global.md) | -11.2% | -13.9% |
| NATGAS | 2016-12-21 | [Cold snap drives China LNG imports to record in November \| Business News - The Indian Express](https://feedsoft.ai/events/73642-cold-snap-drives-china-lng-imports-to-record-in-november-business-news-the.md) | +12.2% | +2.0% |
| NATGAS | 2022-04-08 | [U.S. gas storage emptied by exports to Europe and Asia \| Reuters](https://feedsoft.ai/events/42047-u-s-gas-storage-emptied-by-exports-to-europe-and-asia-reuters.md) | +14.8% | +32.1% |
| NATGAS | 2021-03-26 | [U.S. gas industry increasingly relies on LNG exports](https://feedsoft.ai/events/48285-u-s-gas-industry-increasingly-relies-on-lng-exports.md) | +1.3% | +8.4% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gas-gap-europe-drives-us-lng-exports-record-high-2022-01-06/

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