# When Natural Gas Prices Converge

> A CSIS commentary says Henry Hub briefly rose above European and Asian gas prices in early May. It argues that the long-running regional price gaps may be closing because of low oil prices, an oversupply, and Covid-19 weakening demand.

- Date: 2020-05-15 · published 2020-05-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/53322-when-natural-gas-prices-converge
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

If regional gas prices converge at low levels, US natural gas gains less from export demand, keeping domestic energy costs subdued. This is analysis rather than a new supply or demand event.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-04-20 | [Gas pricing: global convergence](https://feedsoft.ai/events/71666-gas-pricing-global-convergence.md) | -1.5% | +2.7% |
| NATGAS | 2020-10-05 | [Natural Gas Price Benchmarks \| European Gas Hub](https://feedsoft.ai/events/50807-natural-gas-price-benchmarks-european-gas-hub.md) | +33.9% | +71.9% |
| NATGAS | 2020-11-10 | [Why have U.S. natural gas prices INCREASED post-COVID?!? – Baker Institute Blog](https://feedsoft.ai/events/50348-why-have-u-s-natural-gas-prices-increased-post-covid-baker-institute-blog.md) | -3.1% | -13.2% |
| NATGAS | 2024-04-26 | [Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices](https://feedsoft.ai/events/30924-equinor-expects-asia-lng-competition-to-drive-european-natural-gas-prices.md) | +18.9% | +71.3% |
| NATGAS | 2021-03-05 | [LNG, seasonality, and natural gas price volatility - Enkon Energy Advisors](https://feedsoft.ai/events/48290-lng-seasonality-and-natural-gas-price-volatility-enkon-energy-advisors.md) | -3.0% | -6.8% |

## Sources

- csis.org: https://www.csis.org/analysis/when-natural-gas-prices-converge

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