# US natural gas prices soar on export and power demand amid low inventories in all regions

> US natural gas spot prices rose as LNG exports and power demand increased while production rose and storage levels dropped. Sabine Pass and Cove Point shipments were steady to slightly lower week over week.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62210-us-natural-gas-prices-soar-on-export-and-power-demand-amid-low-inventories-in
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Rising export and power demand against falling storage tightens the US gas balance, supporting higher gas prices with indirect cost effects on feed processing and fertilizer.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-10-10 | [Prices Soar As Natural Gas Inventories Hit Decade Low \| OilPrice.com](https://feedsoft.ai/events/7399-prices-soar-as-natural-gas-inventories-hit-decade-low-oilprice-com.md) | -2.3% | +6.3% |
| NATGAS | 2021-08-01 | [Global Gas Prices Rally Amid Strong Demand](https://feedsoft.ai/events/46256-global-gas-prices-rally-amid-strong-demand.md) | +6.3% | +11.0% |
| NATGAS | 2021-08-06 | [Natural gas prices surge as energy transition-driven demand outstrips supply](https://feedsoft.ai/events/45736-natural-gas-prices-surge-as-energy-transition-driven-demand-outstrips-supply.md) | -4.5% | +10.5% |
| NATGAS | 2017-11-01 | [Australian domestic natural gas prices increase as LNG exports rise](https://feedsoft.ai/events/68639-australian-domestic-natural-gas-prices-increase-as-lng-exports-rise.md) | +8.5% | +3.8% |
| NATGAS | 2018-04-02 | [Increase in Chinese Demand for Natural Gas Leads to Structural Change in Spot Prices](https://feedsoft.ai/events/65701-increase-in-chinese-demand-for-natural-gas-leads-to-structural-change-in-spot.md) | -0.6% | +0.9% |

## Sources

- lngjournal.com: https://lngjournal.com/index.php/latest-news-mainmenu-47/item/95671-us-natural-gas-prices-soar-on-export-and-power-demand-amid-low-inventories-in-all-regions

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