# Hammerfest, Freeport Outages Send Global Natural Gas Prices Higher – Three Things to Know About the LNG Market

> A gas leak at the Hammerfest LNG plant in Norway, Europe's only large-scale LNG export terminal, shut the facility until Friday. Japan's LNG inventories rose 26.5% in the week to April 21, and Freeport's feed gas flows declined again.

- Date: 2024-04-25 · published 2024-04-25T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9864-hammerfest-freeport-outages-send-global-natural-gas-prices-higher-three-things
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Supply outages at major LNG export points tighten global gas markets and lift European and Asian gas prices. Higher energy costs can raise fertilizer and processing expenses for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2024-04-29 | 1 | +18.0% | 3.5 | Hammerfest and Freeport outages lifted global LNG prices in the prior week, adding to bullish sentiment, though the Freeport disruption was reversing by April 29. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-01-22 | [Freeport LNG Restart Hopes, Cooler Forecasts Boost Natural Gas Futures — MidDay Market Snapshot](https://feedsoft.ai/events/26696-freeport-lng-restart-hopes-cooler-forecasts-boost-natural-gas-futures-midday.md) | -15.5% | +36.1% |
| NATGAS | 2023-03-27 | [Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap](https://feedsoft.ai/events/37029-strikes-in-france-push-european-natural-gas-prices-higher-but-demand-seen.md) | +1.5% | +4.9% |
| NATGAS | 2024-04-29 | [Natural Gas Futures Rallying as Freeport Volumes Return — MidDay Market Snapshot](https://feedsoft.ai/events/30921-natural-gas-futures-rallying-as-freeport-volumes-return-midday-market-snapshot.md) | +25.8% | +57.3% |
| NATGAS | 2024-06-03 | [Norway outage pushes European gas prices to highest this year](https://feedsoft.ai/events/7809-norway-outage-pushes-european-gas-prices-to-highest-this-year.md) | +24.9% | +9.1% |
| NATGAS | 2023-09-25 | [European Natural Gas Prices Rally on Extended Norwegian Supply Outages – LNG Recap](https://feedsoft.ai/events/34286-european-natural-gas-prices-rally-on-extended-norwegian-supply-outages-lng-recap.md) | +6.4% | +4.3% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/hammerfest-freeport-outages-send-global-natural-gas-prices-higher-three-things-to-know-about-the-lng-market/

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