# U.S. Natural Gas Skyrockets as Market Awaits Freeze-Offs | Financial Post

> US natural gas futures soared as much as 17% as forecasts showed a deep freeze returning in mid-February. Gas supplies in Oklahoma, the Texas Panhandle and Arkansas fell 22% in a day as frozen pipelines limited flow.

- Date: 2022-02-02 · published 2022-02-02T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/9224-u-s-natural-gas-skyrockets-as-market-awaits-freeze-offs-financial-post
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Freeze-offs cut production just as heating demand and exports rise, tightening supply and lifting natural gas prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-01-03 | [U.S. natural gas prices rise as cold freezes wells \| Reuters](https://feedsoft.ai/events/43321-u-s-natural-gas-prices-rise-as-cold-freezes-wells-reuters.md) | +2.6% | +37.9% |
| NATGAS | 2022-09-28 | [U.S. natgas up 3% as contract expires, global prices surge \| Financial Post](https://feedsoft.ai/events/39772-u-s-natgas-up-3-as-contract-expires-global-prices-surge-financial-post.md) | -9.8% | -20.1% |
| NATGAS | 2026-01-22 | [Winter shock links gas markets worldwide as US freeze-offs meet global LNG competition \| Saxo](https://feedsoft.ai/events/6504-winter-shock-links-gas-markets-worldwide-as-us-freeze-offs-meet-global-lng.md) | +69.8% | -38.1% |
| NATGAS | 2022-02-03 | [U.S. Natural Gas Volatility Hits 26-Year High as Wells Freeze Up - Bloomberg](https://feedsoft.ai/events/8459-u-s-natural-gas-volatility-hits-26-year-high-as-wells-freeze-up-bloomberg.md) | -33.0% | -23.0% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-natural-gas-surges-with-bone-chilling-weather-set-to-return

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