# European LNG Imports Hit Record Levels as Global Market Shifts

> The EIA reported that European LNG imports hit a record 12.7 Bcf/d in November, with January through November imports averaging 11 Bcf/d. Qatar, Russia and the US increased their combined exports to Europe by 3.7 Bcf/d this year. Lower Asian spot LNG prices narrowed the price gap, pulling more cargoes toward Europe.

- Date: 2019-12-27 · published 2019-12-27T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/55766-european-lng-imports-hit-record-levels-as-global-market-shifts
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Strong European LNG demand absorbs global supply but has not offset the glut, so gas prices stay under pressure. Lower gas costs weigh modestly on energy-linked input costs for feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-03-10 | [US LNG developers try to ride out market turmoil with China's door shut \| S&P Global](https://feedsoft.ai/events/54313-us-lng-developers-try-to-ride-out-market-turmoil-with-china-s-door-shut-s-and-p.md) | +5.3% | -4.2% |
| NATGAS | 2021-12-23 | [European Gas Plunges as Recent Rally Lures Flotilla of U.S. LNG](https://feedsoft.ai/events/43788-european-gas-plunges-as-recent-rally-lures-flotilla-of-u-s-lng.md) | -6.9% | +2.3% |
| NATGAS | 2020-05-13 | [Factbox: US gas markets see minimal upside from rising global LNG prices \| S&P Global](https://feedsoft.ai/events/10445-factbox-us-gas-markets-see-minimal-upside-from-rising-global-lng-prices-s-and-p.md) | +10.6% | +5.1% |
| NATGAS | 2022-06-14 | [U.S. efforts to help supply Europe with natural gas take a hit.](https://feedsoft.ai/events/6802-u-s-efforts-to-help-supply-europe-with-natural-gas-take-a-hit.md) | -23.8% | -24.1% |
| NATGAS | 2019-02-15 | [European LNG influx plays into Gazprom’s hands this winter](https://feedsoft.ai/events/60782-european-lng-influx-plays-into-gazprom-s-hands-this-winter.md) | +5.3% | +10.8% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/european-lng-imports-hit-record-levels-as-global-market-shifts/

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