# Europe desperate for LNG, while Asia has more than it needs | The Straits Times

> Asian LNG buying earlier in the year left the region well stocked, and spot cargoes are being diverted to Europe, where prices now trade at a premium. Europe is bidding up the market to secure supplies amid uncertainty over Nord Stream 2 start-up.

- Date: 2021-12-20 · published 2021-12-20T12:00:00.000Z
- Category: trade · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/43795-europe-desperate-for-lng-while-asia-has-more-than-it-needs-the-straits-times
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Diversion of LNG cargoes to Europe tightens the global gas balance and keeps energy and fertilizer input costs elevated 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 | 2022-03-01 | [Europe remains top destination for U.S. LNG for 3rd consecutive month](https://feedsoft.ai/events/42451-europe-remains-top-destination-for-u-s-lng-for-3rd-consecutive-month.md) | +10.2% | +24.4% |
| NATGAS | 2016-06-03 | [US Natural Gas Production Stalls As Europe Becomes The Dumping Ground For Gas Supplies \| The Corner](https://feedsoft.ai/events/7633-us-natural-gas-production-stalls-as-europe-becomes-the-dumping-ground-for-gas.md) | +5.2% | +24.7% |
| 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% |
| 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

- straitstimes.com: https://www.straitstimes.com/business/economy/europe-desperate-for-lng-while-asia-has-more-than-it-needs

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