# Global Natural Gas Prices Converged More in 2017 as Use of LNG Spot Prices Increased

> The International Gas Union's 10th Wholesale Gas Price Report found that global natural gas prices converged further in 2017, with spot LNG pricing in Asia Pacific gaining share. Gas-on-gas competition now accounts for 46% of world consumption across 54 countries. The findings were released at the World Gas Conference in Washington.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/64716-global-natural-gas-prices-converged-more-in-2017-as-use-of-lng-spot-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Greater convergence toward LNG spot benchmarks links North American and Asian gas costs more closely, which can affect energy and fertilizer input costs for feed producers. The direct effect on feed grain prices is limited.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-01-07 | [Natural gas prices, production, consumption, and exports increased in 2018](https://feedsoft.ai/events/61278-natural-gas-prices-production-consumption-and-exports-increased-in-2018.md) | +3.6% | -10.4% |
| NATGAS | 2025-12-09 | [Global gas price paths diverge as LNG reshapes market balances](https://feedsoft.ai/events/21692-global-gas-price-paths-diverge-as-lng-reshapes-market-balances.md) | -21.7% | -34.5% |
| NATGAS | 2026-02-01 | [We expect Henry Hub natural gas spot prices to fall slightly in 2026 before rising in 2027](https://feedsoft.ai/events/21227-we-expect-henry-hub-natural-gas-spot-prices-to-fall-slightly-in-2026-before.md) | -30.8% | -46.8% |
| NATGAS | 2019-03-01 | [What Happened to Natural Gas Prices at the End of 2018? : U.S. Bureau of Labor Statistics](https://feedsoft.ai/events/7998-what-happened-to-natural-gas-prices-at-the-end-of-2018-u-s-bureau-of-labor.md) | +1.1% | -5.3% |
| NATGAS | 2018-04-17 | [Key global natural gas production trends from 2017 - IEA - Thoughtful Journalism About Energy's Future](https://feedsoft.ai/events/65702-key-global-natural-gas-production-trends-from-2017-iea-thoughtful-journalism.md) | -2.0% | +0.9% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/global-natural-gas-prices-converged-more-in-2017-as-use-of-lng-spot-prices-increased/

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