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Asian spot LNG jumped to $23.39 per MMBtu and the Dutch TTF rose toward $80 per MWh after QatarEnergy extended its LNG force majeure into October or early November. Qatari cargoes remain blocked by the Strait of Hormuz.
An extended Qatari outage leaves global LNG supply short, supporting gas prices and nitrogen fertilizer costs for feed producers.
oilprice.comCharles KennedyAug 28, 2026After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
