# Europe set to absorb more LNG in 2018 | LNG Industry

> LNG Industry reports that Europe may absorb more LNG in 2018 as global liquefaction capacity grows. Analysts say pipeline suppliers such as Gazprom may need to lower prices to keep out uncommitted cargoes. The piece gives a UK NBP premium over Henry Hub of about US$1 to $1.45/MMBtu as the range that would attract or deter US LNG.

- Date: 2017-02-03 · published 2017-02-03T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/72695-europe-set-to-absorb-more-lng-in-2018-lng-industry
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Growing LNG supply into Europe increases competition and tends to cap gas prices, which lowers the cost of gas-based fertilizer and processing. The effect on feed markets is limited and gradual.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-02-15 | [European LNG influx plays into Gazprom’s hands this winter](https://feedsoft.ai/events/60782-european-lng-influx-plays-into-gazprom-s-hands-this-winter.md) | +5.3% | +10.8% |
| NATGAS | 2019-12-27 | [European LNG Imports Hit Record Levels as Global Market Shifts](https://feedsoft.ai/events/55766-european-lng-imports-hit-record-levels-as-global-market-shifts.md) | -4.3% | -10.3% |
| NATGAS | 2017-07-05 | [Qatari LNG development to extend LNG surplus into mid-2020s \| S&P Global](https://feedsoft.ai/events/70141-qatari-lng-development-to-extend-lng-surplus-into-mid-2020s-s-and-p-global.md) | +1.6% | -5.3% |
| NATGAS | 2017-05-10 | [Analyst: Surging US Gas to Cap European Prices \| Energy Intelligence](https://feedsoft.ai/events/71204-analyst-surging-us-gas-to-cap-european-prices-energy-intelligence.md) | +3.9% | -4.7% |
| NATGAS | 2019-02-27 | [Novatek, Shell see Russian gas keeping edge in Europe over U.S](https://feedsoft.ai/events/60789-novatek-shell-see-russian-gas-keeping-edge-in-europe-over-u-s.md) | +8.3% | -2.0% |

## Sources

- lngindustry.com: https://www.lngindustry.com/liquefaction/03022017/europe-set-to-absorb-more-lng-in-2018/

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