# Asia’s record gas prices underline the need to make its markets more resilient - IEA

> Asian spot LNG prices rose more than fourfold between early December 2020 and mid-January 2021, climbing above USD 30/MBtu after a cold spell and tight supply. Some cargoes reportedly traded near USD 40/MBtu, a record. The IEA says milder weather will ease pressure but calls for policy reforms to improve market resilience.

- Date: 2021-01-25 · published 2021-01-25T12:00:00.000Z
- Category: macro · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/49333-asia-s-record-gas-prices-underline-the-need-to-make-its-markets-more-resilient
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Record LNG prices push gas-fired power and industrial users toward alternative fuels and drive up demand for other energy sources; this is an energy-wide driver with limited direct effect on feed grain prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-01-14 | [What the Rally in Gas Prices Tells us about Gas Markets and Energy Security](https://feedsoft.ai/events/49334-what-the-rally-in-gas-prices-tells-us-about-gas-markets-and-energy-security.md) | -10.2% | +55.7% |
| 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 | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +2.9% | +3.4% |

## Sources

- iea.org: https://www.iea.org/commentaries/asias-record-gas-prices-underline-the-need-to-make-its-markets-more-resilient

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