# Natural-Gas Prices Plunge After Extended Outage at Texas LNG Facility

> US natural-gas futures for July delivery fell more than 16% to settle at $7.189/MMBtu on June 14, 2022, after a Texas LNG facility said a fire would keep it offline until late 2022. Deliveries through February also dropped at least 10%.

- Date: 2022-06-14 · published 2022-06-14T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/6800-natural-gas-prices-plunge-after-extended-outage-at-texas-lng-facility
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lost LNG export capacity cuts demand for US gas and reduces winter shortage concerns, which pushes the forward curve lower.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2022-06-21 | 5 | -23.8% | -3.0 | Freeport LNG outage extending to late 2022 removed export demand for US gas, driving July futures down over 16% on June 14, the main driver of the 5-day decline. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-07-10 | [Natural-Gas Prices Sink as Texas LNG Terminal Closes for Maintenance](https://feedsoft.ai/events/8662-natural-gas-prices-sink-as-texas-lng-terminal-closes-for-maintenance.md) | -8.0% | -15.2% |
| NATGAS | 2022-06-08 | [US Natural Gas Slumps After Fire at Texas LNG Export Terminal - Bloomberg](https://feedsoft.ai/events/41142-us-natural-gas-slumps-after-fire-at-texas-lng-export-terminal-bloomberg.md) | -20.0% | -34.8% |
| NATGAS | 2022-06-15 | [Natural gas forecast: LNG terminal outage pressures US prices, bolsters EU prices \| IG Bank Switzerland](https://feedsoft.ai/events/6803-natural-gas-forecast-lng-terminal-outage-pressures-us-prices-bolsters-eu-prices.md) | -8.4% | -9.2% |
| NATGAS | 2019-02-08 | [US LNG exports affected by Gulf Coast fog as milder weather moderates natural gas prices](https://feedsoft.ai/events/60785-us-lng-exports-affected-by-gulf-coast-fog-as-milder-weather-moderates-natural.md) | +0.2% | +11.5% |
| NATGAS | 2022-06-14 | [Natural gas plummets as Freeport delays facility restart following explosion](https://feedsoft.ai/events/6799-natural-gas-plummets-as-freeport-delays-facility-restart-following-explosion.md) | -23.8% | -24.1% |

## Sources

- wsj.com: https://www.wsj.com/articles/natural-gas-prices-plunge-after-extended-outage-at-texas-lng-facility-11655235895?reflink=e2twmkts

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