# Australian domestic natural gas prices increase as LNG exports rise

> Australian domestic natural gas prices at several eastern and southeastern hubs have more than doubled since LNG projects began in Queensland. Supply shortages have occurred as LNG exports rise, and the EIA notes domestic prices have at times exceeded export prices.

- Date: 2017-11-01 · published 2017-11-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/68639-australian-domestic-natural-gas-prices-increase-as-lng-exports-rise
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher domestic gas costs in Australia raise energy and processing costs for local grain and feed processors, but the effect on global feed prices is limited.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-11-15 | [Surging US LNG exports hike domestic gas prices amid global supply crunch \| S&P Global](https://feedsoft.ai/events/44231-surging-us-lng-exports-hike-domestic-gas-prices-amid-global-supply-crunch-s-and.md) | +2.1% | -19.7% |
| NATGAS | 2018-04-02 | [Increase in Chinese Demand for Natural Gas Leads to Structural Change in Spot Prices](https://feedsoft.ai/events/65701-increase-in-chinese-demand-for-natural-gas-leads-to-structural-change-in-spot.md) | -0.6% | +0.9% |
| NATGAS | 2020-08-31 | [Natural gas prices \| European Gas Hub](https://feedsoft.ai/events/51817-natural-gas-prices-european-gas-hub.md) | -15.6% | -23.3% |
| NATGAS | 2018-11-09 | [US natural gas prices soar on export and power demand amid low inventories in all regions](https://feedsoft.ai/events/62210-us-natural-gas-prices-soar-on-export-and-power-demand-amid-low-inventories-in.md) | +22.9% | +27.0% |
| NATGAS | 2021-06-25 | [Natural gas prices rally as global shortages abound](https://feedsoft.ai/events/46762-natural-gas-prices-rally-as-global-shortages-abound.md) | +10.5% | +21.6% |

## Sources

- eia.gov: https://www.eia.gov/todayinenergy/detail.php?id=33412

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