# LNG goes from doghouse to podium as weather fears stoke rally: Russell | Financial Post

> Spot LNG prices in Asia reached $5.50 per mmBtu for November delivery in the week ended October 9, the highest of 2020 and a sixth straight weekly gain. Japan's weather agency put the odds of a La Nina winter at 90%, which is expected to bring colder weather to North Asia. December cargoes were priced at $5.70 per mmBtu.

- Date: 2020-10-12 · published 2020-10-12T12:00:00.000Z
- Category: weather · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/7680-lng-goes-from-doghouse-to-podium-as-weather-fears-stoke-rally-russell-financial
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expected colder winter demand in North Asia supports LNG import pull and higher gas prices, which can raise energy costs for feed mills in the region.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-08-04 | [U.S. natgas rises to highest since January on surging LNG exports, hot weather \| Financial Post](https://feedsoft.ai/events/10737-u-s-natgas-rises-to-highest-since-january-on-surging-lng-exports-hot-weather.md) | +7.0% | +21.5% |
| NATGAS | 2022-12-15 | [U.S. natgas jumps 7% as LNG exports rise, some wells shut due to cold \| Financial Post](https://feedsoft.ai/events/11506-u-s-natgas-jumps-7-as-lng-exports-rise-some-wells-shut-due-to-cold-financial.md) | -11.8% | -47.2% |
| NATGAS | 2020-07-07 | [U.S. natgas climbs to 2-month high on hot weather, pipe shutdown \| Financial Post](https://feedsoft.ai/events/11169-u-s-natgas-climbs-to-2-month-high-on-hot-weather-pipe-shutdown-financial-post.md) | -1.4% | +14.4% |
| NATGAS | 2018-01-02 | [It’s so cold in Alberta natural gas wells are freezing up,  sending prices soaring 72% \| Financial Post](https://feedsoft.ai/events/4676-it-s-so-cold-in-alberta-natural-gas-wells-are-freezing-up-sending-prices.md) | -13.3% | +2.7% |
| NATGAS | 2022-02-02 | [U.S. Natural Gas Skyrockets as Market Awaits Freeze-Offs \| Financial Post](https://feedsoft.ai/events/9224-u-s-natural-gas-skyrockets-as-market-awaits-freeze-offs-financial-post.md) | -16.0% | -7.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/lng-goes-from-doghouse-to-podium-as-weather-fears-stoke-rally-russell-2

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