# Global Gas Prices Rally Amid Strong Demand

> CME Group notes that heat in the Northern Hemisphere has pushed natural gas prices to multi-year highs, with Henry Hub futures above $3.50 per MMBtu. US storage stood 17% below the year-ago level as of June 30. JKM spot reached about $14, pulling US LNG cargoes toward Asia.

- Date: 2021-08-01 · published 2021-08-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/46256-global-gas-prices-rally-amid-strong-demand
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Strong gas pull on both sides of the Atlantic keeps energy costs elevated for fertiliser and processing. Tight storage implies the support may persist into winter.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-07-01 | [Global gas prices rally on hot summer, storage demand \| Financial Post](https://feedsoft.ai/events/46253-global-gas-prices-rally-on-hot-summer-storage-demand-financial-post.md) | -2.6% | +8.7% |
| NATGAS | 2021-06-25 | [Natural gas prices rally as global shortages abound](https://feedsoft.ai/events/46762-natural-gas-prices-rally-as-global-shortages-abound.md) | +10.5% | +21.6% |
| NATGAS | 2021-09-25 | [Global Natural Gas Prices Are Soaring : NPR](https://feedsoft.ai/events/7926-global-natural-gas-prices-are-soaring-npr.md) | +9.7% | +1.4% |
| NATGAS | 2022-08-25 | [Why are global gas prices so high?](https://feedsoft.ai/events/40207-why-are-global-gas-prices-so-high.md) | -2.9% | -20.2% |
| NATGAS | 2021-11-15 | [Surging US LNG exports hike domestic gas prices amid global supply crunch \| S&P Global](https://feedsoft.ai/events/44231-surging-us-lng-exports-hike-domestic-gas-prices-amid-global-supply-crunch-s-and.md) | +2.1% | -19.7% |

## Sources

- cmegroup.com: https://www.cmegroup.com/education/articles-and-reports/global-gas-prices-rally-amid-strong-demand

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