# Strong Supplies, Mild Weather Push Global Natural Gas Prices Lower – LNG Recap

> Global natural gas prices fell on Monday on ample supply and mild weather forecasts. Europe's TTF dropped nearly 7% to near $14/MMBtu, with storage at 99.6% of capacity versus a five-year average of 90%.

- Date: 2023-11-06 · published 2023-11-06T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/6389-strong-supplies-mild-weather-push-global-natural-gas-prices-lower-lng-recap
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Full European storage and mild forecasts push global LNG and gas prices lower, though Russian supply risk keeps some premium, which eases energy costs for feed producers in importing regions.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-11-12 | [Warm weather, strong supply weighs down US gas prices, with some record lows \| S&P Global](https://feedsoft.ai/events/50345-warm-weather-strong-supply-weighs-down-us-gas-prices-with-some-record-lows-s.md) | -12.2% | -13.4% |
| NATGAS | 2026-01-02 | [US natural gas futures start year lower on mild weather outlook](https://feedsoft.ai/events/7832-us-natural-gas-futures-start-year-lower-on-mild-weather-outlook.md) | -17.9% | +45.6% |
| NATGAS | 2022-10-18 | [U.S. natgas falls 4% to 3-mth low on mild weather, global price collapse \| Reuters](https://feedsoft.ai/events/12787-u-s-natgas-falls-4-to-3-mth-low-on-mild-weather-global-price-collapse-reuters.md) | -17.2% | +0.7% |
| NATGAS | 2026-07-10 | [Nat-Gas Prices Fall on Cooler Weather and Ample Supplies](https://feedsoft.ai/events/8664-nat-gas-prices-fall-on-cooler-weather-and-ample-supplies.md) | -8.0% | -15.2% |
| NATGAS | 2026-01-05 | [Why Natural Gas Prices Are Slipping Despite Strong LNG Demand](https://feedsoft.ai/events/7834-why-natural-gas-prices-are-slipping-despite-strong-lng-demand.md) | -20.7% | -0.8% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/strong-supplies-mild-weather-push-global-natural-gas-prices-lower-lng-recap/

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