# Record U.S. winter storm deeply impacts global LNG markets

> A record Arctic blast cut power at U.S. Gulf Coast export plants, and Freeport LNG, Cameron LNG, Sabine Pass and Corpus Christi curtailed output. Closed ship channels slowed LNG tankers off Texas and Louisiana. Next-day spot gas sold at $999/MMBtu in some regional markets.

- Date: 2021-02-17 · published 2021-02-17T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/48839-record-u-s-winter-storm-deeply-impacts-global-lng-markets
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower U.S. LNG loadings tighten global gas supply and support Asian and European gas prices, while higher domestic gas costs raise feedstock costs for U.S. ethanol and fertilizer producers, which can feed through to DDGS and nitrogen prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-12-11 | [Algeria’s LNG Supply Disruptions Add to Global Market Tightness - Bloomberg](https://feedsoft.ai/events/49818-algeria-s-lng-supply-disruptions-add-to-global-market-tightness-bloomberg.md) | +6.7% | +9.1% |
| NATGAS | 2023-09-01 | [Explainer: Worker disputes at Australian LNG producers roil global gas market](https://feedsoft.ai/events/34746-explainer-worker-disputes-at-australian-lng-producers-roil-global-gas-market.md) | -3.6% | +5.3% |
| NATGAS | 2017-12-12 | [After Europe's Gas Market Disasters, LNG May Come to the Rescue \| Rigzone](https://feedsoft.ai/events/67648-after-europe-s-gas-market-disasters-lng-may-come-to-the-rescue-rigzone.md) | -3.2% | +7.5% |
| NATGAS | 2020-10-20 | [JKM hits one-year high on LNG supply disruptions, winter buying](https://feedsoft.ai/events/7682-jkm-hits-one-year-high-on-lng-supply-disruptions-winter-buying.md) | +21.5% | +4.8% |
| NATGAS | 2021-01-12 | [LNG Shipping Rates from U.S. Surge Record on Asia Buying Boom](https://feedsoft.ai/events/49024-lng-shipping-rates-from-u-s-surge-record-on-asia-buying-boom.md) | -4.8% | +12.9% |

## Sources

- worldoil.com: https://www.worldoil.com/news/2021/2/17/record-u-s-winter-storm-deeply-impacts-global-lng-markets/

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