# After Europe's Gas Market Disasters, LNG May Come to the Rescue | Rigzone

> Europe's gas prices hit four-year highs after a pipeline defect shut a North Sea gas network and an explosion disrupted a key connection point in Austria. Petronas is reportedly sending the first tanker from Russia's Yamal LNG project to a U.K. port, and a Qatari cargo is due to arrive first.

- Date: 2017-12-12 · published 2017-12-12T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/67648-after-europe-s-gas-market-disasters-lng-may-come-to-the-rescue-rigzone
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher northwest European prices pull LNG cargoes away from Asia and support natural gas prices, which raise fertilizer and energy costs for feed production.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-06-16 | [Europe’s Fragile Gas Market Shows Risk of Crisis Redux - Bloomberg](https://feedsoft.ai/events/35687-europe-s-fragile-gas-market-shows-risk-of-crisis-redux-bloomberg.md) | +4.7% | +5.8% |
| NATGAS | 2023-09-21 | [Europe Gas Prices Gain After Flows Drop at Biggest US LNG Plant](https://feedsoft.ai/events/34287-europe-gas-prices-gain-after-flows-drop-at-biggest-us-lng-plant.md) | -0.5% | +8.4% |
| NATGAS | 2023-09-01 | [Explainer: Worker disputes at Australian LNG producers roil global gas market](https://feedsoft.ai/events/34746-explainer-worker-disputes-at-australian-lng-producers-roil-global-gas-market.md) | -3.6% | +5.3% |
| NATGAS | 2022-11-15 | [Europe Natural Gas Prices Jump as Major US LNG Plant Set to Stay Offline - Bloomberg](https://feedsoft.ai/events/38856-europe-natural-gas-prices-jump-as-major-us-lng-plant-set-to-stay-offline.md) | +6.8% | +16.1% |
| NATGAS | 2023-06-27 | [Norwegian Outages Test European Natural Gas Market, Renew Supply Concerns](https://feedsoft.ai/events/35688-norwegian-outages-test-european-natural-gas-market-renew-supply-concerns.md) | -4.1% | -0.3% |

## Sources

- rigzone.com: https://www.rigzone.com/news/wire/after_europes_gas_market_disasters_lng_may_come_to_the_rescue-12-dec-2017-152777-article/

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