# LNG market tightens after record winter highs

> Global LNG market is tightening after record winter price spikes, with Northeast Asian spot LNG hitting an all-time high of $32.50/MMBtu in January before falling back. Demand is recovering as Covid restrictions ease and coal-to-gas switching accelerates, while supply project delays keep forward prices firm.

- Date: 2021-04-28 · published 2021-04-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/47779-lng-market-tightens-after-record-winter-highs
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Firmer LNG prices raise the cost of gas-fired power and fertiliser (nitrogen) production, supporting feed and fertiliser input costs and energy-linked market sentiment.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-10-01 | [Asian prices surge to record high this week as winter starts](https://feedsoft.ai/events/44765-asian-prices-surge-to-record-high-this-week-as-winter-starts.md) | -0.5% | +0.2% |
| NATGAS | 2021-11-17 | [LNG markets eye record prices in race to replenish stocks \| Reuters](https://feedsoft.ai/events/44228-lng-markets-eye-record-prices-in-race-to-replenish-stocks-reuters.md) | -3.6% | -26.2% |
| NATGAS | 2021-10-22 | [Global Gas Prices are Soaring to Record Highs. Here's Why.](https://feedsoft.ai/events/11751-global-gas-prices-are-soaring-to-record-highs-here-s-why.md) | +14.0% | -2.0% |
| NATGAS | 2021-09-30 | [Asian LNG spot price reaches record high of $34.47/mmbtu - Platts data](https://feedsoft.ai/events/45220-asian-lng-spot-price-reaches-record-high-of-34-47-mmbtu-platts-data.md) | +4.2% | +8.1% |
| NATGAS | 2018-08-29 | [Asian LNG prices hit highest in over two months high on tight supply \| Daily FT](https://feedsoft.ai/events/63711-asian-lng-prices-hit-highest-in-over-two-months-high-on-tight-supply-daily-ft.md) | -0.7% | +5.0% |

## Sources

- informaconnect.com: https://informaconnect.com/lng-market-tightens-after-record-winter-highs/

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