Skip to main content

Nixon Peabody LLP

  • People
  • Capabilities
  • Insights
  • About
Trending Topics
    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    Practices

    View All

    • Affordable Housing
    • Community Development Finance
    • Corporate & Finance
    • Cybersecurity & Privacy
    • Entertainment & Media
    • Environmental
    • Franchising & Distribution
    • Government Investigations & White Collar Defense
    • Healthcare
    • Intellectual Property
    • International Services
    • Labor, Employment, and Benefits
    • Litigation
    • Private Wealth & Advisory
    • Project Finance
    • Public Finance
    • Real Estate
    • Regulatory & Government Relations
    Industries

    View All

    • Aviation
    • Cannabis
    • Consumer
    • Energy
    • Financial Services
    • Healthcare
    • Higher Education
    • Infrastructure
    • Manufacturing
    • Nonprofit Organizations
    • Real Estate
    • Sports & Stadiums
    • Technology
    Value-Added Services

    View All

    • Alternative Fee Arrangements

      Developing innovative pricing structures and alternative fee agreement models that deliver additional value for our clients.

    • Continuing Education

      Advancing professional knowledge and offering credits for attorneys, staff and other professionals.

    • Crisis Advisory

      Helping clients respond correctly when a crisis occurs.

    • DEI Strategic Services

      Providing our clients with legal, strategic, and practical advice to make transformational changes in their organizations.

    • eDiscovery

      Leveraging law and technology to deliver sound solutions.

    • Environmental, Social, and Governance (ESG)

      We help clients create positive return on investments in people, products, and the planet.

    • Global Services

      Delivering seamless service through partnerships across the globe.

    • Innovation

      Leveraging leading-edge technology to guide change and create seamless, collaborative experiences for clients and attorneys.

    • IPED

      Industry-leading conferences focused on affordable housing, tax credits, and more.

    • Legal Project Management

      Providing actionable information to support strategic decision-making.

    • Legally Green

      Teaming with clients to advance sustainable projects, mitigate the effects of climate change, and protect our planet.

    • Nixon Peabody Trust Company

      Offering a range of investment management and fiduciary services.

    • NP Capital Connector

      Bringing together companies and investors for tomorrow’s new deals.

    • NP Second Opinion

      Offering fresh insights on cases that are delayed, over budget, or off-target from the desired resolution.

    • NP Trial

      Courtroom-ready lawyers who can resolve disputes early on clients’ terms or prevail at trial before a judge or jury.

    • Social Impact

      Creating positive impact in our communities through increasing equity, access, and opportunity.

    • Women in Dealmaking

      We provide strategic counsel on complex corporate transactions and unite dynamic women in the dealmaking arena.

    1. Home
    2. Insights
    3. Articles
    4. Surging natural gas prices are causing food and beverage shortages in Europe — Is the US next?

      Articles

    Article

    Surging natural gas prices are causing food and beverage shortages in Europe — Is the US next?

    Oct 5, 2021

    LinkedInX (Twitter)EmailCopy URL
    The rising cost of natural gas has led to warnings that European consumers should brace for shortages in pork, poultry, and carbonated beverages. The potential shortage stems from a lack of carbon dioxide that is used for processing meat and carbonating beverages and is often obtained as a by-product of fertilizer production.

    The rising cost of natural gas has led to warnings that European consumers should brace for shortages in pork, poultry, and carbonated beverages. The potential shortage stems from a lack of carbon dioxide that is used for processing meat and carbonating beverages and is often obtained as a by-product of fertilizer production. There appear to be numerous factors contributing to the high natural gas prices, including: increased demand as economies recover from the pandemic, Hurricane Ida causing production facilities to go offline, extreme cold and heat events that have depleted seasonal reserves, low wind and hydro production, and (at least in Europe) limited supply from Russia. While the US has also seen rising natural gas prices, they have yet to reach the heights that Europe is experiencing and North American gas producers appear prepared to ramp up production if prices remain high. However, natural gas storage reserves in the US are significantly lower than normal for this time of year, global competition for supply is increasing, and the cold winter months when gas demand peaks have yet to arrive. Even if natural gas prices don't directly disrupt food and beverage production in the US, consumers would be wise to prepare for potential disruptions to global food and beverage supply chains if the cost of natural gas remains high globally.

    Industries

    Food, Beverage & AgribusinessEnergy
    The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.

    Subscribe to stay informed of the latest legal news, alerts, and business trends.Subscribe

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    • Cookie Preferences
    • Privacy Policy
    • Terms of Use
    • Accessibility Statement
    • Statement of Client Rights
    • Purchase Order Terms & Conditions
    • Nixon Peabody International LLC
    • PAL
    © 2025 Nixon Peabody. All rights reserved