# US Ready to Fill Europe's Gas Needs | Energy Intelligence

> Depleted European gas storage is expected to draw record US LNG exports, with feedgas needs near 12 Bcf/d, about 13% of US dry gas production. US netbacks to Europe are 44%-63% above US prices, which are close to $3/MMBtu.

- Date: 2021-04-28 · published 2021-04-28T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/47784-us-ready-to-fill-europe-s-gas-needs-energy-intelligence
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Strong export pull tightens US gas balances and supports Henry Hub prices, which feeds into US energy and fertiliser costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-02-01 | [Gas gap in Europe drives U.S. LNG exports to record high](https://feedsoft.ai/events/43318-gas-gap-in-europe-drives-u-s-lng-exports-to-record-high.md) | -16.7% | -14.2% |
| NATGAS | 2022-04-08 | [U.S. gas storage emptied by exports to Europe and Asia \| Reuters](https://feedsoft.ai/events/42047-u-s-gas-storage-emptied-by-exports-to-europe-and-asia-reuters.md) | +14.8% | +32.1% |
| NATGAS | 2022-02-18 | [U.S. gas stocks need big rebuild ahead of next winter \| Reuters](https://feedsoft.ai/events/42880-u-s-gas-stocks-need-big-rebuild-ahead-of-next-winter-reuters.md) | +0.5% | +7.5% |
| NATGAS | 2022-03-09 | [U.S. LNG exporters emerge as big winners of Europe natgas crisis \| Reuters](https://feedsoft.ai/events/42448-u-s-lng-exporters-emerge-as-big-winners-of-europe-natgas-crisis-reuters.md) | -1.2% | +31.1% |
| NATGAS | 2022-05-06 | [U.S. gas prices soar as Europe and Asia scramble for LNG](https://feedsoft.ai/events/12161-u-s-gas-prices-soar-as-europe-and-asia-scramble-for-lng.md) | -12.9% | -2.0% |

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7dd-de4c-a17b-e7df26c70001

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