# China's shift from coal helped natural gas prices hit records: Eurasia

> Eurasia Group says China's switch from coal to gas for home heating, mostly in late 2020, was an overlooked driver of record Asian gas prices alongside cold weather. Asian gas prices have risen more than 1,000% since July, and JKM hit a record of $32.49/MMBtu. Prices are expected to ease as weather warms.

- Date: 2021-01-19 · published 2021-01-19T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/49336-china-s-shift-from-coal-helped-natural-gas-prices-hit-records-eurasia
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Chinese gas demand growth tightens global LNG supply, supporting energy costs; the expected seasonal easing points to lower gas prices ahead.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-08-31 | [Natural gas prices \| European Gas Hub](https://feedsoft.ai/events/51817-natural-gas-prices-european-gas-hub.md) | -15.6% | -23.3% |
| NATGAS | 2018-10-10 | [Prices Soar As Natural Gas Inventories Hit Decade Low \| OilPrice.com](https://feedsoft.ai/events/7399-prices-soar-as-natural-gas-inventories-hit-decade-low-oilprice-com.md) | -2.3% | +6.3% |
| NATGAS | 2020-04-12 | [Higher Natural Gas Prices Are On The Horizon \| OilPrice.com](https://feedsoft.ai/events/12201-higher-natural-gas-prices-are-on-the-horizon-oilprice-com.md) | -0.3% | +2.6% |
| 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% |
| NATGAS | 2024-06-28 | [Natural gas market developments: prices bouncing back from the cold](https://feedsoft.ai/events/29955-natural-gas-market-developments-prices-bouncing-back-from-the-cold.md) | -17.3% | -23.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/01/19/natural-gas-prices-in-asia-may-have-peaked-after-recent-highs-eurasia.html

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