# Cold weather, supply outages fuel LNG winning streak

> Asian spot LNG prices stayed firm into late December, with February cargoes reaching $9.50/mmBtu. Cold weather in South Korea, China and Turkey lifted demand while Chevron's Angola LNG and Gorgon plants suffered outages.

- Date: 2016-12-23 · published 2016-12-23T12:00:00.000Z
- Category: weather · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/73638-cold-weather-supply-outages-fuel-lng-winning-streak
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Supply outages combined with winter demand tighten the LNG market and push up gas-linked power costs, supporting gas prices in the near term.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-04-05 | [US Henry Hub gas futures top $6 as wintry weather, supply concerns linger](https://feedsoft.ai/events/42051-us-henry-hub-gas-futures-top-6-as-wintry-weather-supply-concerns-linger.md) | +13.6% | +38.2% |
| NATGAS | 2020-07-08 | [Rising Prices Fueled by Weather \| Global LNG Hub](https://feedsoft.ai/events/11171-rising-prices-fueled-by-weather-global-lng-hub.md) | -4.1% | +17.3% |
| NATGAS | 2024-11-11 | [Nat-Gas Prices Surge on Lower US Gas Output and Colder US Weather](https://feedsoft.ai/events/7027-nat-gas-prices-surge-on-lower-us-gas-output-and-colder-us-weather.md) | +20.1% | +73.4% |
| NATGAS | 2025-02-11 | [Nat-Gas Prices Supported by Colder US Weather](https://feedsoft.ai/events/8696-nat-gas-prices-supported-by-colder-us-weather.md) | +46.3% | +30.3% |
| NATGAS | 2025-09-26 | [European gas prices firm as weather and LNG strikes offset rising Norway supply — TradingView News](https://feedsoft.ai/events/23059-european-gas-prices-firm-as-weather-and-lng-strikes-offset-rising-norway-supply.md) | +14.9% | +13.6% |

## Sources

- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2016/12/cold-weather-supply-outages-fuel-lng-winning-streak/

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