# Europe set for 'genuine' LNG demand in coming years: industry

> Industry officials said on January 28, 2019 that Europe is set to absorb surplus LNG supply over the next few years. From 2021, however, Europe will likely need more LNG to offset declining domestic gas production.

- Date: 2019-01-28 · published 2019-01-28T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/61277-europe-set-for-genuine-lng-demand-in-coming-years-industry
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Stronger European LNG demand from 2021 would tighten global gas supply and support energy costs, which can feed into fertilizer and processing prices.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-04-23 | [US LNG for Europe \| Oil & Gas Journal](https://feedsoft.ai/events/65700-us-lng-for-europe-oil-and-gas-journal.md) | +1.3% | +1.4% |
| NATGAS | 2022-10-03 | [More U.S. LNG heads to Europe despite output constraints \| Reuters](https://feedsoft.ai/events/39305-more-u-s-lng-heads-to-europe-despite-output-constraints-reuters.md) | -1.3% | -18.8% |
| NATGAS | 2024-05-01 | [COMMENTARY: Asia takes LNG that Europe doesn't need as spot price stays muted](https://feedsoft.ai/events/30923-commentary-asia-takes-lng-that-europe-doesn-t-need-as-spot-price-stays-muted.md) | +13.4% | +28.1% |
| NATGAS | 2024-12-02 | [US LNG exports to Europe surge in November on higher prices](https://feedsoft.ai/events/27146-us-lng-exports-to-europe-surge-in-november-on-higher-prices.md) | -12.6% | +8.2% |
| NATGAS | 2019-12-03 | [More Volatility Expected in U.S. Natural Gas Market as LNG Exports Grow](https://feedsoft.ai/events/55769-more-volatility-expected-in-u-s-natural-gas-market-as-lng-exports-grow.md) | -4.7% | -7.4% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/012819-europe-set-for-genuine-lng-demand-in-coming-years-industry

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