# European LNG influx plays into Gazprom’s hands this winter

> Reuters reports that an influx of LNG into Europe since October has shifted European gas price spreads, letting traders buy more long-term and spot gas from Gazprom. U.S. LNG sales to Europe rose nearly fivefold in October to January compared with a year earlier. The oversupply has pushed storage levels high and narrowed price spreads.

- Date: 2019-02-15 · published 2019-02-15T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/60782-european-lng-influx-plays-into-gazprom-s-hands-this-winter
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Extra LNG supply is depressing European gas prices and redirecting flows toward Russian pipeline gas, which weighs on the global gas price outlook.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-05-10 | [Analyst: Surging US Gas to Cap European Prices \| Energy Intelligence](https://feedsoft.ai/events/71204-analyst-surging-us-gas-to-cap-european-prices-energy-intelligence.md) | +3.9% | -4.7% |
| 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 | 2021-09-01 | [China's LNG import surge to cool in winter as high prices bite](https://feedsoft.ai/events/45735-china-s-lng-import-surge-to-cool-in-winter-as-high-prices-bite.md) | +9.9% | +28.7% |
| NATGAS | 2017-02-03 | [Europe set to absorb more LNG in 2018 \| LNG Industry](https://feedsoft.ai/events/72695-europe-set-to-absorb-more-lng-in-2018-lng-industry.md) | -1.0% | -14.7% |
| NATGAS | 2019-12-27 | [European LNG Imports Hit Record Levels as Global Market Shifts](https://feedsoft.ai/events/55766-european-lng-imports-hit-record-levels-as-global-market-shifts.md) | -4.3% | -10.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-lng-europe-russia-analysis-idUSKCN1Q41VY/

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