# European Gas Plunges as Recent Rally Lures Flotilla of U.S. LNG

> European natural gas prices fell more than 20% on Thursday as a flotilla of at least 10 US LNG cargoes headed to Europe to offset lower Russian flows. Another 20 ships were crossing the Atlantic without declared destinations.

- Date: 2021-12-23 · published 2021-12-23T12:00:00.000Z
- Category: trade · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/43788-european-gas-plunges-as-recent-rally-lures-flotilla-of-u-s-lng
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Incoming US LNG supply eases the European supply squeeze and lowers gas-linked input costs, reducing pressure on fertilizer and energy prices.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-12-27 | [European LNG Imports Hit Record Levels as Global Market Shifts](https://feedsoft.ai/events/55766-european-lng-imports-hit-record-levels-as-global-market-shifts.md) | -4.3% | -10.3% |
| NATGAS | 2019-02-15 | [European LNG influx plays into Gazprom’s hands this winter](https://feedsoft.ai/events/60782-european-lng-influx-plays-into-gazprom-s-hands-this-winter.md) | +5.3% | +10.8% |
| NATGAS | 2017-05-10 | [Analyst: Surging US Gas to Cap European Prices \| Energy Intelligence](https://feedsoft.ai/events/71204-analyst-surging-us-gas-to-cap-european-prices-energy-intelligence.md) | +3.9% | -4.7% |
| NATGAS | 2019-02-27 | [Novatek, Shell see Russian gas keeping edge in Europe over U.S](https://feedsoft.ai/events/60789-novatek-shell-see-russian-gas-keeping-edge-in-europe-over-u-s.md) | +8.3% | -2.0% |
| NATGAS | 2022-06-14 | [U.S. efforts to help supply Europe with natural gas take a hit.](https://feedsoft.ai/events/6802-u-s-efforts-to-help-supply-europe-with-natural-gas-take-a-hit.md) | -23.8% | -24.1% |

## Sources

- news.bloomberglaw.com: https://news.bloomberglaw.com/international-trade/european-gas-plunges-as-recent-rally-lures-flotilla-of-u-s-lng

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