# Months-Long Freeport LNG Outage Roils Gas Markets  | Energy Intelligence

> The Freeport LNG outage was expected to last several months, sending US and global natural gas markets into disarray on June 14, 2022. European prices rose on renewed supply fears, while US domestic futures fell 21% due to a sharp drop in summer feed gas demand.

- Date: 2022-06-14 · published 2022-06-14T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/6804-months-long-freeport-lng-outage-roils-gas-markets-energy-intelligence
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower feed gas demand at US LNG plants removes a major source of domestic demand, pushing US prices sharply lower while tighter European supply lifts prices there.

## 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 | Months-long outage sharply reduced summer feed-gas demand, with US futures falling about 21% while the market was disrupted. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-08-04 | [Market Watch \| Energy Intelligence](https://feedsoft.ai/events/7906-market-watch-energy-intelligence.md) | -0.8% | +8.8% |
| NATGAS | 2023-02-22 | [Freeport LNG outage showed growing connection of US supply, global gas market](https://feedsoft.ai/events/37520-freeport-lng-outage-showed-growing-connection-of-us-supply-global-gas-market.md) | +25.0% | +1.5% |
| NATGAS | 2022-06-14 | [News of lengthy Freeport LNG terminal outage hits NYMEX gas futures](https://feedsoft.ai/events/6798-news-of-lengthy-freeport-lng-terminal-outage-hits-nymex-gas-futures.md) | -23.8% | -24.1% |
| NATGAS | 2022-06-16 | [Freeport LNG Texas terminal outage hurts Europe, may help African exporters](https://feedsoft.ai/events/6801-freeport-lng-texas-terminal-outage-hurts-europe-may-help-african-exporters.md) | -15.6% | -10.1% |
| NATGAS | 2022-06-09 | [Freeport LNG fire cuts key source of U.S. gas supply to Europe, Asia \| Reuters](https://feedsoft.ai/events/41136-freeport-lng-fire-cuts-key-source-of-u-s-gas-supply-to-europe-asia-reuters.md) | -16.4% | -31.4% |

## Sources

- energyintel.com: https://www.energyintel.com/00000181-62b8-dc60-afe3-eafb5c590000

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