# U.S. natgas futures jump to 7-year high on Europe supply fears | Reuters

> US natural gas futures jumped over 7% to a fresh seven-year high on September 30. The rise followed worries that Europe would not have enough gas in storage for winter, which pushed global prices to record levels and kept demand for US LNG exports strong.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/45219-u-s-natgas-futures-jump-to-7-year-high-on-europe-supply-fears-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher global gas prices widen the arbitrage for US LNG exports and raise energy and fertiliser input costs for grain and feed producers. Energy costs feed through to nitrogen fertiliser and drying costs, supporting feed price levels.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2021-09-30 | 1 | +23.9% | 15.3 | A US natgas jump to a 7-year high on Sept 30 raised nitrogen feedstock cost and sentiment on the day of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +2.9% | +3.4% |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |
| NATGAS | 2021-07-23 | [Natural gas price nears three-year high as summer heat strains supply](https://feedsoft.ai/events/46254-natural-gas-price-nears-three-year-high-as-summer-heat-strains-supply.md) | +0.8% | -4.5% |
| NATGAS | 2023-09-20 | [Years of limited gas supply spell price spikes, Equinor says \| Reuters](https://feedsoft.ai/events/34285-years-of-limited-gas-supply-spell-price-spikes-equinor-says-reuters.md) | -1.7% | +13.7% |
| NATGAS | 2021-10-11 | [Oil settles up 1.5%; hits multi-year highs on surging demand \| Reuters](https://feedsoft.ai/events/44717-oil-settles-up-1-5-hits-multi-year-highs-on-surging-demand-reuters.md) | -1.6% | +0.0% |
| UREA | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +28.4% | +33.3% |
| UREA | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | +6.2% | +11.5% |
| UREA | 2026-07-01 | [European Natural Gas Edges Higher as Traders Monitor Hormuz Risk](https://feedsoft.ai/events/18980-european-natural-gas-edges-higher-as-traders-monitor-hormuz-risk.md) | -6.6% | +3.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-natgas-futures-rise-near-4-europe-supply-fears-2021-09-30/

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