# Europe set to be natural gas kingmaker as LNG booms: Russell

> Asian spot LNG prices have converged with European prices, with the spot price at $5.40 in the week to June 23, down nearly 75% from a record $20.50. Europe is positioning itself as a central market for gas trade as LNG supply grows.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/70688-europe-set-to-be-natural-gas-kingmaker-as-lng-booms-russell
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Converging regional prices reflect a well-supplied LNG market, which points to continued softness in gas costs. Lower energy prices ease input costs for feed mills.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-column-russell-lng-idUSKBN19L039/

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