# As LNG prices surge, North American project development languishes | Reuters

> North American LNG project development is slowing even as LNG prices surge. One company agreed to sell 1.5 million tonnes per annum of LNG to BP, and another said it is finalizing a construction contract. The article highlights the gap between high prices and new capacity.

- Date: 2021-11-08 · published 2021-11-08T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/44232-as-lng-prices-surge-north-american-project-development-languishes-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Slow new LNG capacity keeps global gas markets tight for longer, which supports high gas prices and related fertilizer costs. The effect on near-term grain or feed prices is indirect.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-07-12 | [Supply struggles, not just demand, are fuelling LNG's price surge: Russell \| Reuters](https://feedsoft.ai/events/46252-supply-struggles-not-just-demand-are-fuelling-lng-s-price-surge-russell-reuters.md) | -0.1% | +13.1% |
| NATGAS | 2021-10-01 | [Explainer: What's behind the wild surges in global LNG prices and the risks ahead \| Reuters](https://feedsoft.ai/events/44761-explainer-what-s-behind-the-wild-surges-in-global-lng-prices-and-the-risks.md) | -0.5% | +0.2% |
| NATGAS | 2021-11-17 | [LNG markets eye record prices in race to replenish stocks \| Reuters](https://feedsoft.ai/events/44228-lng-markets-eye-record-prices-in-race-to-replenish-stocks-reuters.md) | -3.6% | -26.2% |
| NATGAS | 2021-10-01 | [Asian prices surge to record high this week as winter starts](https://feedsoft.ai/events/44765-asian-prices-surge-to-record-high-this-week-as-winter-starts.md) | -0.5% | +0.2% |
| NATGAS | 2024-06-28 | [Natural gas market developments: prices bouncing back from the cold](https://feedsoft.ai/events/29955-natural-gas-market-developments-prices-bouncing-back-from-the-cold.md) | -17.3% | -23.8% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/lng-prices-surge-north-american-project-development-languishes-2021-11-08/

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