# LNG cargoes diverted toward Europe from Asia as gas prices soar | Reuters

> European and British benchmark wholesale gas prices hit record highs as Russian gas shipments to Germany through a major transit pipeline reversed direction and colder weather lifted demand. Spot LNG cargoes were being pulled toward Europe to fill the gap.

- Date: 2021-12-21 · published 2021-12-21T12:00:00.000Z
- Category: trade · region Europe · magnitude high
- Page: https://feedsoft.ai/events/43782-lng-cargoes-diverted-toward-europe-from-asia-as-gas-prices-soar-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tight European gas supply and record prices pull LNG away from Asia and raise global gas costs, which feeds through to fertilizer and energy input costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2022-05-06 | [Explainer: Why are U.S. natural gas prices soaring? \| Reuters](https://feedsoft.ai/events/12162-explainer-why-are-u-s-natural-gas-prices-soaring-reuters.md) | -12.9% | -2.0% |
| NATGAS | 2017-11-03 | [LNG prices soar as China faces winter gas crunch \| LNG Industry](https://feedsoft.ai/events/10192-lng-prices-soar-as-china-faces-winter-gas-crunch-lng-industry.md) | +13.7% | +8.5% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/lng-cargoes-diverted-toward-europe-asia-gas-prices-soar-2021-12-21/

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