# Supply Crunch, Brexit Deal Push Global Gas Prices Higher -- LNG Recap

> Global gas prices remained strong at the end of December, with TTF near two-year highs, the UK NBP near $7, and the Japan-Korea Marker above $11. Cold weather, a supply crunch and optimism over a Christmas Eve Brexit trade deal supported European and Asian prices, while Henry Hub fell on mild US forecasts.

- Date: 2020-12-28 · published 2020-12-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/49820-supply-crunch-brexit-deal-push-global-gas-prices-higher-lng-recap
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tight European and Asian gas supply keeps energy and fertilizer input costs elevated, while the mild US outlook weighs on domestic gas prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-11-15 | [Surging US LNG exports hike domestic gas prices amid global supply crunch \| S&P Global](https://feedsoft.ai/events/44231-surging-us-lng-exports-hike-domestic-gas-prices-amid-global-supply-crunch-s-and.md) | +2.1% | -19.7% |
| 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 | 2023-09-29 | [GLOBAL LNG-Asia spot prices hit 7-month high on rising demand, Europe supply worries](https://feedsoft.ai/events/34284-global-lng-asia-spot-prices-hit-7-month-high-on-rising-demand-europe-supply.md) | +7.0% | +6.9% |
| NATGAS | 2022-08-25 | [Why are global gas prices so high?](https://feedsoft.ai/events/40207-why-are-global-gas-prices-so-high.md) | -2.9% | -20.2% |
| NATGAS | 2021-08-01 | [Global Gas Prices Rally Amid Strong Demand](https://feedsoft.ai/events/46256-global-gas-prices-rally-amid-strong-demand.md) | +6.3% | +11.0% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/supply-crunch-brexit-deal-push-global-gas-prices-higher-lng-recap/

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