# LNG markets and LNG cargoes | European Gas Hub

> Cold weather from the 'Beast from the East' coincided with outages at Norway's Kollsnes plant, the BBL interconnector, the Segal pipeline and UK Rough storage. This pushed NBP spot gas to record levels above 200 pence/therm, with intraday peaks near 350, and prompted a National Grid gas deficit warning.

- Date: 2018-03-13 · published 2018-03-13T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/66183-lng-markets-and-lng-cargoes-european-gas-hub
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Europe's supply squeeze drove sharp spikes in gas and LNG prices and pulled in extra cargoes from competing markets. Tight European gas supply can also lift prices for energy-intensive fertilizer and feed production.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-02-13 | [Recovering wind output may help cool Europe’s heated gas market](https://feedsoft.ai/events/26215-recovering-wind-output-may-help-cool-europe-s-heated-gas-market.md) | +28.4% | +6.3% |
| NATGAS | 2024-11-12 | [Natural Gas Prices Soar as Hurricane Disruptions and Rising LNG Demand Shake Markets](https://feedsoft.ai/events/7030-natural-gas-prices-soar-as-hurricane-disruptions-and-rising-lng-demand-shake.md) | +32.3% | +61.1% |
| NATGAS | 2018-11-13 | [Henry Hub Tops $4/MMBtu as Natural Gas Markets React to Early Winter Cold, Lean Storage](https://feedsoft.ai/events/9433-henry-hub-tops-4-mmbtu-as-natural-gas-markets-react-to-early-winter-cold-lean.md) | +20.7% | +15.4% |
| NATGAS | 2018-01-03 | [U.S. gas market faces long-awaited test as cold spurs demand](https://feedsoft.ai/events/4671-u-s-gas-market-faces-long-awaited-test-as-cold-spurs-demand.md) | -33.0% | -27.6% |
| NATGAS | 2025-09-26 | [European gas prices firm as weather and LNG strikes offset rising Norway supply — TradingView News](https://feedsoft.ai/events/23059-european-gas-prices-firm-as-weather-and-lng-strikes-offset-rising-norway-supply.md) | +14.9% | +13.6% |

## Sources

- europeangashub.com: https://europeangashub.com/the-inelasticity-of-the-lng-market-and-its-cargos/

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