# Breakingviews - COMMENTARY: Gas prices’ breathing room is really an air pocket

> A Reuters Breakingviews column says Asian and European gas prices have eased but the supply shortfall is masked, with about 100 bcm annualized LNG flows stuck behind the Strait of Hormuz, equal to about 3% of global gas supply. The column argues the current relief is temporary.

- Date: 2026-06-01 · published 2026-06-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/19441-breakingviews-commentary-gas-prices-breathing-room-is-really-an-air-pocket
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Stuck LNG cargoes keep global gas and nitrogen fertilizer costs at risk of rebounding, which affects farm input costs. The piece is commentary with no new discrete event.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-06-28 | [Natural gas market developments: prices bouncing back from the cold](https://feedsoft.ai/events/29955-natural-gas-market-developments-prices-bouncing-back-from-the-cold.md) | -17.3% | -23.8% |
| NATGAS | 2016-10-17 | [Analysis: Coal retirements could boost natural gas prices \| Utility Dive](https://feedsoft.ai/events/10120-analysis-coal-retirements-could-boost-natural-gas-prices-utility-dive.md) | -8.5% | -27.6% |
| NATGAS | 2021-08-01 | [Global Gas Prices Rally Amid Strong Demand](https://feedsoft.ai/events/46256-global-gas-prices-rally-amid-strong-demand.md) | +6.3% | +11.0% |
| NATGAS | 2020-12-28 | [Supply Crunch, Brexit Deal Push Global Gas Prices Higher -- LNG Recap](https://feedsoft.ai/events/49820-supply-crunch-brexit-deal-push-global-gas-prices-higher-lng-recap.md) | -0.3% | +3.7% |
| NATGAS | 2021-09-30 | [Why are gas prices on the rise and what does this mean for Singapore? - CNA](https://feedsoft.ai/events/45222-why-are-gas-prices-on-the-rise-and-what-does-this-mean-for-singapore-cna.md) | +4.2% | +8.1% |

## Sources

- reuters.com: https://www.reuters.com/commentary/breakingviews/gas-prices-breathing-room-is-really-an-air-pocket-2026-05-13/

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