# Europe has emerged as the ‘global LNG price-setter’, says energy analyst

> Wood Mackenzie says Europe has become the main price-setter in the global LNG market, with the TTF hub near $9 per MMBtu, a level not seen since 2018. The firm links the rally to post-pandemic demand recovery, limits on Russian pipeline exports, cold April weather, and coal-to-gas switching economics.

- Date: 2021-05-27 · published 2021-05-27T12:00:00.000Z
- Category: market · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/47269-europe-has-emerged-as-the-global-lng-price-setter-says-energy-analyst
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Strong European demand pulls LNG cargoes away from Asia and keeps global gas prices high. That raises energy and fertilizer costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- nsenergybusiness.com: https://www.nsenergybusiness.com/analysis/europe-global-lng-price-setter/

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