# Qatar outage widens US, European LNG spread to 2029 | Latest Market News

> Iranian attacks damaged trains at QatarEnergy's Ras Laffan LNG terminal with a combined capacity of 12.8 million tonnes a year. Repairs could take three to five years, and planned expansions are likely to be delayed, widening the spread between US and European LNG prices to 2029.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31400-qatar-outage-widens-us-european-lng-spread-to-2029-latest-market-news
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A long-lasting loss of Qatari supply supports global LNG prices and keeps US export demand strong, which pulls on domestic US gas prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-03-03 | [European Gas Hits Three-Year High as Qatar LNG Halt Rocks Market - Bloomberg](https://feedsoft.ai/events/20368-european-gas-hits-three-year-high-as-qatar-lng-halt-rocks-market-bloomberg.md) | +7.0% | -3.1% |
| NATGAS | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | +10.0% | +8.6% |
| NATGAS | 2017-06-08 | [Here's how the Qatar rift could change the LNG markets](https://feedsoft.ai/events/70691-here-s-how-the-qatar-rift-could-change-the-lng-markets.md) | -3.2% | -4.3% |
| NATGAS | 2025-06-12 | [Latest Oil Market News and Analysis for June 13 - Bloomberg](https://feedsoft.ai/events/11152-latest-oil-market-news-and-analysis-for-june-13-bloomberg.md) | +19.5% | +4.1% |
| NATGAS | 2026-10-28 | [European gas price crosses €100 for first time since 2022 as EU warns of new crisis \| Euronews](https://feedsoft.ai/events/267-european-gas-price-crosses-100-for-first-time-since-2022-as-eu-warns-of-new.md) | +0.7% | — |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2804708-qatar-outage-widens-us-european-lng-spread-to-2029

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