# Natural gas, LNG markets clutch onto risk premium despite ample supply

> Global natural gas and LNG prices are holding onto risk premiums built up in recent weeks despite high inventories and weak seasonal demand. Asian spot LNG gains have tapered from about 48% to 21%, while TTF gains have fallen from about 71% to 37%.

- Date: 2023-11-03 · published 2023-11-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6391-natural-gas-lng-markets-clutch-onto-risk-premium-despite-ample-supply
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Geopolitical risk premiums keep gas and LNG prices elevated relative to inventories, which sustains energy costs for feed processors even as the premium gradually erodes.

## Read by commodity

- BRENT: neutral
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-07-29 | [European Natural Gas, Asian LNG Prices Soar on NS1 Supply Cuts](https://feedsoft.ai/events/40665-european-natural-gas-asian-lng-prices-soar-on-ns1-supply-cuts.md) | -2.1% | +11.7% |
| NATGAS | 2026-03-03 | [Natural gas, LNG prices soar on Middle East supply fears](https://feedsoft.ai/events/20365-natural-gas-lng-prices-soar-on-middle-east-supply-fears.md) | +7.0% | -3.1% |
| NATGAS | 2026-04-24 | [Middle East crisis disrupts international natural gas markets and delays global LNG supply wave - IEA](https://feedsoft.ai/events/19907-middle-east-crisis-disrupts-international-natural-gas-markets-and-delays-global.md) | +2.7% | +17.0% |
| NATGAS | 2024-12-30 | [Global Natural Gas Prices Mixed as Market Tracks Tightening Supplies — LNG Recap](https://feedsoft.ai/events/27150-global-natural-gas-prices-mixed-as-market-tracks-tightening-supplies-lng-recap.md) | +20.6% | +7.4% |
| NATGAS | 2023-02-14 | [Global risks to the EU natural gas market](https://feedsoft.ai/events/37517-global-risks-to-the-eu-natural-gas-market.md) | -13.1% | +8.2% |
| BRENT | 2025-11-20 | [Refining Margins Soar as Global Oil Product Markets Tighten \| OilPrice.com](https://feedsoft.ai/events/11480-refining-margins-soar-as-global-oil-product-markets-tighten-oilprice-com.md) | +0.5% | -5.5% |
| BRENT | 2018-07-13 | [Oil rises but declines for the week as supply concerns ease](https://feedsoft.ai/events/10095-oil-rises-but-declines-for-the-week-as-supply-concerns-ease.md) | -1.4% | -2.7% |
| BRENT | 2024-08-30 | [Supply Dynamics Back In Focus  Amid Prospect Of Iraq Cuts...](https://feedsoft.ai/events/28692-supply-dynamics-back-in-focus-amid-prospect-of-iraq-cuts.md) | -8.9% | -10.4% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/lng/110323-natural-gas-lng-markets-clutch-onto-risk-premium-despite-ample-supply

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