# Asian LNG Prices Surge Past $30 Amid Middle East Shipping Crisis (2026)

> Asian spot LNG prices rose above $30/mmBtu, the highest since December 2022, after an LNG carrier was approached by a small boat in the Red Sea and crew fired warning shots. A Qatar-sourced cargo was still transiting the Red Sea toward Poland, and EU storage sits near 74%.

- Date: 2026-10-31 · published 2026-11-01T06:09:06.020Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/4153-asian-lng-prices-surge-past-30-amid-middle-east-shipping-crisis-2026
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Shipping risk in the Red Sea and Qatari supply disruption tighten global LNG, supporting gas prices and raising the cost of gas-fired fertilizer and feed-processing inputs.

## Read by commodity

- NATGAS: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-09-09 | [European Natural Gas Prices Surge as Middle East Attacks Choke LNG Shipments - WSJ](https://feedsoft.ai/events/17648-european-natural-gas-prices-surge-as-middle-east-attacks-choke-lng-shipments-wsj.md) | +1.3% | +5.6% |
| 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 | 2026-08-31 | [European gas prices spike above €70 amid renewed Middle East fighting \| Euronews](https://feedsoft.ai/events/18059-european-gas-prices-spike-above-70-amid-renewed-middle-east-fighting-euronews.md) | +3.3% | +7.4% |
| NATGAS | 2026-03-01 | [Oil and gas prices surge as Iran war disrupts Middle Eastern output \| Reuters](https://feedsoft.ai/events/5228-oil-and-gas-prices-surge-as-iran-war-disrupts-middle-eastern-output-reuters.md) | +7.5% | +4.0% |
| NATGAS | 2026-03-08 | [Oil prices surge 20% as expanding US-Israeli war with Iran cuts supplies from Mideast - CNA](https://feedsoft.ai/events/6784-oil-prices-surge-20-as-expanding-us-israeli-war-with-iran-cuts-supplies-from.md) | +0.7% | -7.0% |

## Sources

- mygeorgiamechanic.com: https://mygeorgiamechanic.com/article/asian-lng-prices-surge-past-30-amid-middle-east-shipping-crisis

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