# It’s so cold that US natural-gas prices are... falling? - Sherwood News

> US natural gas futures fell more than 4% as the extreme cold shut Freeport LNG's Texas export terminal, leaving gas that would have been exported trapped domestically. Europe saw cold-driven energy price gains, partly tied to the loss of LNG imports.

- Date: 2025-01-21 · published 2025-01-21T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/6347-it-s-so-cold-that-us-natural-gas-prices-are-falling-sherwood-news
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Export outages shift supply into the domestic market, lowering US gas prices and energy costs for feed producers. Freeport's shutdown also supports higher European gas prices, which can shift global LNG demand.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2025-01-21 | 1 | -34.8% | -5.2 | Freeport LNG terminal shutdown trapped gas domestically, reducing export feedgas demand and adding downside pressure. |
| NATGAS | 2025-01-27 | 5 | -40.6% | -4.9 | The Freeport LNG shutdown left gas trapped domestically, cutting export demand and pressuring futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-07-09 | [US Natural Gas Prices Drop To Six Week Low](https://feedsoft.ai/events/8665-us-natural-gas-prices-drop-to-six-week-low.md) | -9.8% | -16.6% |
| NATGAS | 2026-07-09 | [US Natgas Prices Fall to 6-Week Low](https://feedsoft.ai/events/8666-us-natgas-prices-fall-to-6-week-low.md) | -9.8% | -16.6% |
| NATGAS | 2026-07-09 | [Natural Gas Prices Fall Most Since March on Pipeline, Export, Trading Shifts - Bloomberg](https://feedsoft.ai/events/8659-natural-gas-prices-fall-most-since-march-on-pipeline-export-trading-shifts.md) | -9.8% | -16.6% |
| NATGAS | 2026-07-10 | [Natural-Gas Prices Sink as Texas LNG Terminal Closes for Maintenance](https://feedsoft.ai/events/8662-natural-gas-prices-sink-as-texas-lng-terminal-closes-for-maintenance.md) | -8.0% | -15.2% |
| NATGAS | 2022-06-14 | [Natural-Gas Prices Plunge After Extended Outage at Texas LNG Facility](https://feedsoft.ai/events/6800-natural-gas-prices-plunge-after-extended-outage-at-texas-lng-facility.md) | -23.8% | -24.1% |

## Sources

- sherwood.news: https://sherwood.news/markets/it-is-cold-but-natural-gas-prices-are-falling/

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