# Mild bullish skew as northern summer approaches  - Rystad Energy’s Gas and LNG Market Update

> European and Asian spot LNG prices spiked to about $10.44 and $10.46 per MMBtu in the third week of April after Iran-Israel missile attacks, then eased to about $9.2 and $10.135. Norwegian pipeline supply fell 11% week-on-week to 273.8 MMcmd, with Snohvit's gas leak during maintenance.

- Date: 2024-04-25 · published 2024-04-25T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9867-mild-bullish-skew-as-northern-summer-approaches-rystad-energy-s-gas-and-lng
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Norwegian supply outages and geopolitical risk support European and Asian gas prices, but weak demand in price-setting regions caps the upside. The effect on feed commodities comes mainly through energy and fertilizer costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-03-02 | [Why QatarEnergy’s LNG production halt could shake up global gas markets \| Explainer News \| Al Jazeera](https://feedsoft.ai/events/20369-why-qatarenergy-s-lng-production-halt-could-shake-up-global-gas-markets.md) | +7.5% | +4.0% |
| NATGAS | 2026-04-28 | [Oil Prices Surge as Hormuz Tensions Push WTI Near $100 and Brent Above $111, Threatening Global Energy Markets](https://feedsoft.ai/events/19906-oil-prices-surge-as-hormuz-tensions-push-wti-near-100-and-brent-above-111.md) | +5.1% | +13.7% |
| NATGAS | 2022-07-27 | [Fertiliser Market Update — Bartholomews](https://feedsoft.ai/events/5033-fertiliser-market-update-bartholomews.md) | -14.8% | +2.6% |
| NATGAS | 2024-12-30 | [Global Natural Gas Prices Mixed as Market Tracks Tightening Supplies — LNG Recap](https://feedsoft.ai/events/27150-global-natural-gas-prices-mixed-as-market-tracks-tightening-supplies-lng-recap.md) | +20.6% | +7.4% |
| NATGAS | 2022-03-01 | [Europe's gas supply concerns, high prices put New England forward market at risk \| S&P Global](https://feedsoft.ai/events/42450-europe-s-gas-supply-concerns-high-prices-put-new-england-forward-market-at-risk.md) | +10.2% | +24.4% |

## Sources

- ajot.com: https://www.ajot.com/news/mild-bullish-skew-as-northern-summer-approaches-rystad-energys-gas-and-lng-market-update

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