# Supply struggles, not just demand, are fuelling LNG's price surge: Russell | Reuters

> Reuters columnist Russell says the surge in LNG spot prices reflects supply problems, with four top exporters shipping less LNG in June than in May. JKM futures have risen about 124% from their February low of $5.80 per mmBtu. Buyers are also seeking to avoid being short ahead of the summer peak after last winter's scramble.

- Date: 2021-07-12 · published 2021-07-12T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/46252-supply-struggles-not-just-demand-are-fuelling-lng-s-price-surge-russell-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tighter LNG supply raises competition for gas and pushes energy-linked feed costs higher, while some global buyers may pull forward demand for alternatives. For feed buyers the signal is firmer energy costs rather than a direct grain or meal move.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-11-08 | [As LNG prices surge, North American project development languishes \| Reuters](https://feedsoft.ai/events/44232-as-lng-prices-surge-north-american-project-development-languishes-reuters.md) | -11.5% | -33.6% |
| NATGAS | 2021-08-06 | [Natural gas prices surge as energy transition-driven demand outstrips supply](https://feedsoft.ai/events/45736-natural-gas-prices-surge-as-energy-transition-driven-demand-outstrips-supply.md) | -4.5% | +10.5% |
| 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 | 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% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/supply-struggles-not-just-demand-are-fuelling-lngs-price-surge-russell-2021-07-12/

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