# Natural gas: Heat and outages support prices – Commerzbank

> Commerzbank says European and Asian heatwaves will raise electricity demand and gas-fired power use, complicating European storage refills. An explosion at Qatar's LNG complex may delay the ramp-up to 80% of pre-war exports.

- Date: 2026-06-23 · published 2026-06-23T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/18986-natural-gas-heat-and-outages-support-prices-commerzbank
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Delayed Qatari LNG recovery and heat-driven gas demand keep energy and nitrogen costs elevated through summer, supporting fertilizer and feed input prices.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-06-03 | [Nat-Gas Prices Soar as an Outage Cuts Norwegian Gas Supplies](https://feedsoft.ai/events/7806-nat-gas-prices-soar-as-an-outage-cuts-norwegian-gas-supplies.md) | +24.9% | +9.1% |
| NATGAS | 2021-11-23 | [Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong -- LNG Recap](https://feedsoft.ai/events/44230-supply-outages-weather-forecasts-keep-global-natural-gas-prices-strong-lng-recap.md) | -5.5% | -18.6% |
| NATGAS | 2022-07-29 | [European Natural Gas, Asian LNG Prices Soar on NS1 Supply Cuts](https://feedsoft.ai/events/40665-european-natural-gas-asian-lng-prices-soar-on-ns1-supply-cuts.md) | -2.1% | +11.7% |
| NATGAS | 2026-03-03 | [Natural gas, LNG prices soar on Middle East supply fears](https://feedsoft.ai/events/20365-natural-gas-lng-prices-soar-on-middle-east-supply-fears.md) | +7.0% | -3.1% |
| NATGAS | 2026-07-07 | [Global demand for natural gas expected to contract this year as tighter supply pushes up prices - IEA](https://feedsoft.ai/events/18538-global-demand-for-natural-gas-expected-to-contract-this-year-as-tighter-supply.md) | -12.4% | -14.4% |
| UREA | 2021-11-23 | [Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong -- LNG Recap](https://feedsoft.ai/events/44230-supply-outages-weather-forecasts-keep-global-natural-gas-prices-strong-lng-recap.md) | +6.3% | -0.2% |
| UREA | 2026-10-26 | [Natural-Gas Prices in Europe Climb to Highest Level Since 2022 Amid Iran War - WSJ](https://feedsoft.ai/events/622-natural-gas-prices-in-europe-climb-to-highest-level-since-2022-amid-iran-war-wsj.md) | +0.0% | — |
| UREA | 2022-07-29 | [Gas supply issues in Europe cause havoc with Nitrogen prices.](https://feedsoft.ai/events/5032-gas-supply-issues-in-europe-cause-havoc-with-nitrogen-prices.md) | +17.6% | +13.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/natural-gas-heat-and-outages-support-prices-commerzbank-202606231238

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