# GLOBAL LNG- European gas spike triggers Asian price hike | Gas Processing & LNG

> Asian spot LNG prices for October delivery rose to an estimated $4.90-$5.20/MMBtu from about $4.40 a week earlier, tracking a spike in European gas. European prices jumped on Gazprom Opal pipeline flow cuts, French nuclear reactor problems and the Groningen field output cut. Cameron LNG declared force majeure, though the impact was expected to be limited.

- Date: 2019-09-13 · published 2019-09-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57255-global-lng-european-gas-spike-triggers-asian-price-hike-gas-processing-and-lng
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher LNG and European gas prices strengthen the energy-linked cost base and modestly support gas-based price sentiment, though US natural gas supply remains ample.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- gasprocessingnews.com: https://gasprocessingnews.com/news/2019/09/global-lng-european-gas-spike-triggers-asian-price-hike/

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