# To counter gas glut producers need to invest smartly and innovate to stay cheap | The National

> Robin Mills writes that a global gas glut has made natural gas cheap, with Asian spot LNG dipping below $4/MMBtu this summer and Waha Hub prices falling to negative $4.28. European prices have dropped to a decade low near $3, and storage is about 95% full. Producers must adjust costs to survive.

- Date: 2019-09-29 · published 2019-09-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/57260-to-counter-gas-glut-producers-need-to-invest-smartly-and-innovate-to-stay-cheap
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Persistent oversupply keeps global and US gas prices depressed, lowering energy costs for feed processing and export economics, though it is commentary rather than new supply news.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-03-27 | [The Oil Price Collapse Could Reshape Global Natural Gas Markets \| Georgetown Journal of International Affairs \|
    Georgetown University](https://feedsoft.ai/events/54312-the-oil-price-collapse-could-reshape-global-natural-gas-markets-georgetown.md) | -7.8% | +5.6% |
| NATGAS | 2026-05-01 | [While Asia and Europe scramble for natural gas, the US glut has nowhere to go \| Reuters](https://feedsoft.ai/events/19434-while-asia-and-europe-scramble-for-natural-gas-the-us-glut-has-nowhere-to-go.md) | +1.2% | +22.6% |
| NATGAS | 2020-10-06 | [Lower gas prices to benefit urea producers, reduce subsidy needs: Icra, ETEnergyworld](https://feedsoft.ai/events/50947-lower-gas-prices-to-benefit-urea-producers-reduce-subsidy-needs-icra.md) | +15.1% | +39.9% |
| NATGAS | 2020-05-14 | [How Will Natural Gas Navigate The Post-Coronavirus World?](https://feedsoft.ai/events/10441-how-will-natural-gas-navigate-the-post-coronavirus-world.md) | +13.4% | +12.8% |
| NATGAS | 2024-04-02 | [Global gas glut is set to reach multi-decade highs in the coming years](https://feedsoft.ai/events/30917-global-gas-glut-is-set-to-reach-multi-decade-highs-in-the-coming-years.md) | +2.9% | +2.2% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/to-counter-gas-glut-producers-need-to-invest-smartly-and-innovate-to-stay-cheap-1.916600

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