# Quarterly report – Q4 2020 - International natural gas prices - Cedigaz

> Asian spot gas prices reached a six-year high of about $12/MBtu at end-2020, driven by Chinese LNG demand during a colder-than-average winter and LNG plant outages. Tight shipping and high freight rates constrained supply, and more LNG cargoes were diverted from the Atlantic to Asia. The report also notes US LNG exports reached record monthly levels.

- Date: 2021-01-13 · published 2021-01-13T12:00:00.000Z
- Category: report · region Asia · magnitude low
- Page: https://feedsoft.ai/events/49335-quarterly-report-q4-2020-international-natural-gas-prices-cedigaz
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong Asian gas demand and tight LNG supply lift energy costs across the region and tie up shipping capacity, a background cost factor for fertilizer and energy-intensive feed inputs.

## Read by commodity

- NATGAS: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-05-14 | [Natural gas market fundamentals exceeded expectations in 2017 - Cedigaz](https://feedsoft.ai/events/65199-natural-gas-market-fundamentals-exceeded-expectations-in-2017-cedigaz.md) | +0.7% | +7.1% |
| NATGAS | 2025-07-25 | [US natural Gas prices rebound on storage surprise – ING](https://feedsoft.ai/events/23962-us-natural-gas-prices-rebound-on-storage-surprise-ing.md) | -2.1% | -8.3% |
| NATGAS | 2021-02-01 | [EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022](https://feedsoft.ai/events/49337-eia-expects-higher-wholesale-u-s-natural-gas-prices-in-2021-and-2022.md) | +20.6% | +4.5% |
| NATGAS | 2021-07-22 | [EIA: Summer US natural gas prices highest since 2014 \| Oil & Gas Journal](https://feedsoft.ai/events/46255-eia-summer-us-natural-gas-prices-highest-since-2014-oil-and-gas-journal.md) | +3.1% | -2.4% |
| NATGAS | 2018-04-01 | [U.S. liquefied natural gas exports quadrupled in 2017](https://feedsoft.ai/events/66185-u-s-liquefied-natural-gas-exports-quadrupled-in-2017.md) | -0.6% | +0.9% |

## Sources

- cedigaz.org: https://www.cedigaz.org/quarterly-report-q4-2020-international-natural-gas-prices/

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