# LNG at USD 32 and likely to stay high through winter: Jefferies on India’s gas affordability

> Jefferies reports spot LNG prices rose 6% week-on-week to about USD 32 per mmBtu, with EU gas storage at 75% versus 83% a year earlier. Middle East crude exports have recovered to over 90% of pre-war levels, but freight costs and tanker attacks keep shipping expensive.

- Date: 2026-10-30 · published 2026-10-30T10:05:41.645Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/2161-lng-at-usd-32-and-likely-to-stay-high-through-winter-jefferies-on-india-s-gas
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

High natural gas prices raise nitrogen fertilizer and energy costs for feed producers, while elevated freight and crude costs add to input inflation across the feed chain.

## Read by commodity

- BRENT: bullish ▲
- NATGAS: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-05-25 | [SHELL \| Global LNG prices could spike this winter on low European gas stocks](https://feedsoft.ai/events/36127-shell-global-lng-prices-could-spike-this-winter-on-low-european-gas-stocks.md) | -15.9% | +6.0% |
| NATGAS | 2026-08-24 | [US LNG exports set for endurance test as high gas prices bite \| Reuters](https://feedsoft.ai/events/18057-us-lng-exports-set-for-endurance-test-as-high-gas-prices-bite-reuters.md) | +2.1% | +3.1% |
| NATGAS | 2024-08-29 | [Higher Natural Gas Prices Seen This Winter in Europe as Geopolitical Complications Mount](https://feedsoft.ai/events/28999-higher-natural-gas-prices-seen-this-winter-in-europe-as-geopolitical.md) | +11.7% | +36.8% |
| NATGAS | 2021-12-14 | [Europe facing record low gas storage by winter's end](https://feedsoft.ai/events/43785-europe-facing-record-low-gas-storage-by-winter-s-end.md) | -1.2% | +7.3% |
| NATGAS | 2026-07-29 | [Natural gas: Europe faces tighter winter balance – ING — Octa](https://feedsoft.ai/events/18541-natural-gas-europe-faces-tighter-winter-balance-ing-octa.md) | +2.1% | +3.0% |
| BRENT | 2026-02-20 | [Brent rises late, settles higher and with weekly gain on Iran-US jitters \| Reuters](https://feedsoft.ai/events/20772-brent-rises-late-settles-higher-and-with-weekly-gain-on-iran-us-jitters-reuters.md) | -1.7% | +51.7% |
| BRENT | 2019-09-15 | [Oil prices likely to surge at Sunday's opening after a "different" type of Saudi Arabia disruption - FreightWaves](https://feedsoft.ai/events/5990-oil-prices-likely-to-surge-at-sunday-s-opening-after-a-different-type-of-saudi.md) | +6.6% | -0.3% |
| BRENT | 2021-04-27 | [Here's What Causes Oil Prices To Rise Despite Lingering Concerns On Indian Demand](https://feedsoft.ai/events/47760-here-s-what-causes-oil-prices-to-rise-despite-lingering-concerns-on-indian.md) | +3.2% | +4.5% |

## Sources

- pgurus.com: https://www.pgurus.com/global-lng-prices-may-stay-high-through-winter-jefferies/

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