# Surging US LNG exports hike domestic gas prices amid global supply crunch | S&P Global

> US LNG export terminals are running at full capacity as tight global markets send domestic natural gas prices to their highest level in years. Global buyers are competing for cargoes amid a gas shortage driven by rebounding demand. Analysts say US exports are now a driver of higher domestic prices rather than only an outlet for surplus gas.

- Date: 2021-11-15 · published 2021-11-15T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/44231-surging-us-lng-exports-hike-domestic-gas-prices-amid-global-supply-crunch-s-and
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher US natural gas prices raise ammonia and nitrogen fertilizer production costs and grain drying costs. The shift in US LNG exports tightens domestic supply, supporting natural gas prices.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-12-28 | [Supply Crunch, Brexit Deal Push Global Gas Prices Higher -- LNG Recap](https://feedsoft.ai/events/49820-supply-crunch-brexit-deal-push-global-gas-prices-higher-lng-recap.md) | -0.3% | +3.7% |
| NATGAS | 2017-11-01 | [Australian domestic natural gas prices increase as LNG exports rise](https://feedsoft.ai/events/68639-australian-domestic-natural-gas-prices-increase-as-lng-exports-rise.md) | +8.5% | +3.8% |
| NATGAS | 2021-08-01 | [Global Gas Prices Rally Amid Strong Demand](https://feedsoft.ai/events/46256-global-gas-prices-rally-amid-strong-demand.md) | +6.3% | +11.0% |
| NATGAS | 2022-08-26 | [US LNG export terminals stage production push as European gas prices top $100/MMBtu \| S&P Global](https://feedsoft.ai/events/40206-us-lng-export-terminals-stage-production-push-as-european-gas-prices-top-100.md) | -1.1% | -27.9% |
| NATGAS | 2023-09-29 | [GLOBAL LNG-Asia spot prices hit 7-month high on rising demand, Europe supply worries](https://feedsoft.ai/events/34284-global-lng-asia-spot-prices-hit-7-month-high-on-rising-demand-europe-supply.md) | +7.0% | +6.9% |
| UREA | 2022-08-26 | [US LNG export terminals stage production push as European gas prices top $100/MMBtu \| S&P Global](https://feedsoft.ai/events/40206-us-lng-export-terminals-stage-production-push-as-european-gas-prices-top-100.md) | +17.8% | +12.2% |
| UREA | 2022-08-25 | [Why are global gas prices so high?](https://feedsoft.ai/events/40207-why-are-global-gas-prices-so-high.md) | +19.3% | +12.8% |
| UREA | 2021-09-25 | [Global Natural Gas Prices Are Soaring : NPR](https://feedsoft.ai/events/7926-global-natural-gas-prices-are-soaring-npr.md) | +27.6% | +32.7% |

## Sources

- spglobal.com: https://www.spglobal.com/market-intelligence/en/news-insights/articles/2021/11/surging-us-lng-exports-hike-domestic-gas-prices-amid-global-supply-crunch-67508815

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