# Asia LNG price soars on China power crunch, European demand

> Asian LNG prices soared this week as China faced an ongoing power crunch. Low gas inventories in Europe also increased competition for cargoes.

- Date: 2021-10-08 · published 2021-10-08T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/44764-asia-lng-price-soars-on-china-power-crunch-european-demand
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Strong Chinese and European demand for LNG keeps global gas prices high, raising nitrogen fertilizer costs and energy expenses for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-11-27 | [Goldman warns of likely Asia LNG price rise on European supply crunch \| Reuters](https://feedsoft.ai/events/27592-goldman-warns-of-likely-asia-lng-price-rise-on-european-supply-crunch-reuters.md) | -12.6% | +0.2% |
| 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% |
| NATGAS | 2026-05-15 | [Asia LNG demand rebound lifts upside risks to Europe gas prices, Goldman Sachs says - The Economic Times](https://feedsoft.ai/events/19440-asia-lng-demand-rebound-lifts-upside-risks-to-europe-gas-prices-goldman-sachs.md) | +8.3% | +8.7% |
| NATGAS | 2018-11-09 | [US natural gas prices soar on export and power demand amid low inventories in all regions](https://feedsoft.ai/events/62210-us-natural-gas-prices-soar-on-export-and-power-demand-amid-low-inventories-in.md) | +22.9% | +27.0% |
| NATGAS | 2023-02-01 | [In 2023, China's appetite for LNG set to rise amid tepid demand across Asia](https://feedsoft.ai/events/37946-in-2023-china-s-appetite-for-lng-set-to-rise-amid-tepid-demand-across-asia.md) | -7.6% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/asia-lng-price-soars-china-power-crunch-european-demand-2021-10-08/

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