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ING says European gas prices rose as Middle East tensions disrupted Qatari LNG, with QatarEnergy extending force majeure to late September. EU LNG imports are on track to fall more than 25% year on year in July, and storage is 56% full against a 10-year average of 72%.
Heatwaves are complicating injections.
Below-average storage and continued LNG shortfalls point to elevated gas prices and possible spikes this winter, raising European energy and processing costs.
octabroker.comJul 29, 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.
