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European gas futures jumped 32% on the first day of trading after attacks on Qatar's LNG terminal. Analysts expect China, India, Japan and South Korea to step up orders from other suppliers, tightening LNG supply to all destinations.
Competition for non-Qatari LNG cargoes lifts global gas prices and raises costs for Europe's storage refilling and for Asian gas-fired power.
reuters.comGavin MaguireMar 3, 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.
