# Europe Gets Bailout as Cheap LNG Offsets Decline in Gas Output - Bloomberg

> Europe is receiving relief as cheap LNG offsets declining domestic gas output. The Groningen field is set to shut in 2030, and the Netherlands faces growing reliance on imports. The article text is partial and provides limited detail on prices.

- Date: 2019-05-13 · published 2019-05-13T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/59270-europe-gets-bailout-as-cheap-lng-offsets-decline-in-gas-output-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Europe's shift toward imported LNG ties regional gas prices more closely to global LNG supply and spot pricing. Cheap LNG supply is currently keeping European gas costs contained.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-07-30 | [Analysis: First Chinese gas contracts linked to international LNG prices signal oil-gas decoupling continues \| S&P Global](https://feedsoft.ai/events/52294-analysis-first-chinese-gas-contracts-linked-to-international-lng-prices-signal.md) | +22.0% | +37.5% |
| NATGAS | 2023-03-22 | [U.S. Natural Gas Demand Exceeds Supply As LNG Exports Jump \| OilPrice.com](https://feedsoft.ai/events/37039-u-s-natural-gas-demand-exceeds-supply-as-lng-exports-jump-oilprice-com.md) | -4.9% | +3.9% |
| NATGAS | 2019-09-18 | [This Autumn May Bring More Volatility for Europe’s Gas Market](https://feedsoft.ai/events/57257-this-autumn-may-bring-more-volatility-for-europe-s-gas-market.md) | -5.9% | -13.8% |
| NATGAS | 2024-03-28 | [US gas prices to be increasingly linked to international markets through LNG](https://feedsoft.ai/events/31397-us-gas-prices-to-be-increasingly-linked-to-international-markets-through-lng.md) | +13.4% | -1.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-05-13/europe-gets-bailout-as-cheap-lng-offsets-decline-in-gas-output

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