# When the US freezes, the global LNG market catches a cold | Reuters

> Reuters reports that a US cold spell is lifting domestic gas demand and forcing Permian Basin drillers to curb output through freeze-offs. European TTF gas prices rose over 6% in a week to nearly 40 euros/MWh, up 38% so far in the month. The US, which exported over 100 million tonnes of LNG in 2025 with about two-thirds going to Europe, is central to the rally.

- Date: 2026-01-26 · published 2026-01-26T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4404-when-the-us-freezes-the-global-lng-market-catches-a-cold-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Freeze-offs cut US supply while cold lifts domestic demand, tightening the LNG market and lifting global gas benchmarks, which supports feed-grain and meal costs via energy and fertilizer linkages.

## Read by commodity

- WTI: neutral
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-06-29 | [US natgas futures jump 10pc on warmer weather view - Markets - Business Recorder](https://feedsoft.ai/events/9801-us-natgas-futures-jump-10pc-on-warmer-weather-view-markets-business-recorder.md) | +5.3% | +7.8% |
| WTI | 2020-06-30 | [US and European natural gas prices rise with Gulf Coast LNG futures as demand picture improves](https://feedsoft.ai/events/9802-us-and-european-natural-gas-prices-rise-with-gulf-coast-lng-futures-as-demand.md) | +2.3% | +3.2% |
| WTI | 2022-06-30 | [Peak hurricane season looms with no room for U.S. refining outages \| Reuters](https://feedsoft.ai/events/41117-peak-hurricane-season-looms-with-no-room-for-u-s-refining-outages-reuters.md) | -6.3% | -11.5% |
| WTI | 2026-10-27 | [CBoT corn drops on US harvest pressure - Markets - Business Recorder](https://feedsoft.ai/events/421-cbot-corn-drops-on-us-harvest-pressure-markets-business-recorder.md) | -1.0% | — |
| WTI | 2020-10-22 | [Here comes the rain again \| ANZ](https://feedsoft.ai/events/50563-here-comes-the-rain-again-anz.md) | -6.6% | +4.4% |
| UREA | 2026-01-22 | [Winter shock links gas markets worldwide as US freeze-offs meet global LNG competition \| Saxo](https://feedsoft.ai/events/6504-winter-shock-links-gas-markets-worldwide-as-us-freeze-offs-meet-global-lng.md) | +1.4% | +13.2% |
| UREA | 2021-03-05 | [PWNI hits fresh new highs; US UAN values rise sharply as producers return to market post-cold snap](https://feedsoft.ai/events/48433-pwni-hits-fresh-new-highs-us-uan-values-rise-sharply-as-producers-return-to.md) | +5.7% | +0.8% |
| UREA | 2021-02-19 | [US Gulf urea values recover as gas diversions and production cutbacks bring producers to the market; activity elsewhere limited](https://feedsoft.ai/events/48941-us-gulf-urea-values-recover-as-gas-diversions-and-production-cutbacks-bring.md) | +1.5% | +11.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/when-us-freezes-global-lng-market-catches-cold-2026-01-26/

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