# Europe's €97 gas spike fades, LNG stays tight

> European December gas touched €97.74/MWh on Friday before falling to €88.87 in the same session, and later updates put it near €91. EU storage was 71% full on 13 November, and traders linked recent moves to a colder outlook from around 17 November.

- Date: 2026-11-14 · published 2026-11-14T18:09:44.077Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/99717-europe-s-97-gas-spike-fades-lng-stays-tight
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tight LNG supply and low storage keep European energy costs elevated, which can squeeze gas-dependent fertilizer and processing margins. Higher energy costs can also support feed and protein prices in Europe.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-06-18 | [What’s in store for gas and LNG in Europe?  \| Wood Mackenzie](https://feedsoft.ai/events/29958-what-s-in-store-for-gas-and-lng-in-europe-wood-mackenzie.md) | +1.6% | -24.0% |
| NATGAS | 2024-11-25 | [LNG is stepping up to solve Europe gas woes, but at a price](https://feedsoft.ai/events/27593-lng-is-stepping-up-to-solve-europe-gas-woes-but-at-a-price.md) | +14.0% | +18.4% |
| NATGAS | 2020-06-30 | [TTF gas prices \| European Gas Hub](https://feedsoft.ai/events/52801-ttf-gas-prices-european-gas-hub.md) | +7.6% | +7.4% |
| NATGAS | 2026-05-15 | [Asia LNG demand rebound lifts upside risks to Europe gas prices, Goldman Sachs says - The Economic Times](https://feedsoft.ai/events/19440-asia-lng-demand-rebound-lifts-upside-risks-to-europe-gas-prices-goldman-sachs.md) | +8.3% | +8.7% |
| NATGAS | 2022-08-26 | [US LNG export terminals stage production push as European gas prices top $100/MMBtu \| S&P Global](https://feedsoft.ai/events/40206-us-lng-export-terminals-stage-production-push-as-european-gas-prices-top-100.md) | -1.1% | -27.9% |

## Sources

- tobrief.eu: https://tobrief.eu/en/article/europe-s-97-gas-spike-fades-lng

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