# El Niño clouds Europe’s gas price outlook

> A Société Générale strategist said damage to Qatar's gas facilities could prolong supply uncertainty for Europe and Asia. He expects tight supply and low inventories to persist, with "a couple more winters of uncertainty".

- Date: 2026-11-02 · published 2026-11-02T06:08:17.590Z
- Category: geopolitics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/74909-el-nino-clouds-europe-s-gas-price-outlook
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Long-lasting loss of Qatari LNG capacity keeps European and Asian gas prices supported and raises the cost of winter supply.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-07-29 | [Gas supply issues in Europe cause havoc with Nitrogen prices.](https://feedsoft.ai/events/5032-gas-supply-issues-in-europe-cause-havoc-with-nitrogen-prices.md) | -2.1% | +11.7% |
| NATGAS | 2022-07-29 | [European Natural Gas, Asian LNG Prices Soar on NS1 Supply Cuts](https://feedsoft.ai/events/40665-european-natural-gas-asian-lng-prices-soar-on-ns1-supply-cuts.md) | -2.1% | +11.7% |
| NATGAS | 2026-08-27 | [Europe’s gas stores are running low — and prices could top 100 euros](https://feedsoft.ai/events/18060-europe-s-gas-stores-are-running-low-and-prices-could-top-100-euros.md) | +3.2% | +11.3% |
| NATGAS | 2026-10-26 | [Natural-Gas Prices in Europe Climb to Highest Level Since 2022 Amid Iran War - WSJ](https://feedsoft.ai/events/622-natural-gas-prices-in-europe-climb-to-highest-level-since-2022-amid-iran-war-wsj.md) | +5.2% | — |
| NATGAS | 2024-10-29 | [TTF prices surge to their highest level \| European Gas Hub](https://feedsoft.ai/events/8118-ttf-prices-surge-to-their-highest-level-european-gas-hub.md) | -10.5% | +41.4% |

## Sources

- cnbc.com: https://www.cnbc.com/video/2026/11/02/el-nio-clouds-europes-gas-price-outlook-.html

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