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The IEA's Global Gas Security Review 2026, published Tuesday, finds that rising LNG supply, especially from North America, and more flexible contracts are helping markets absorb the Strait of Hormuz supply shock. LNG transit through the Strait was nearly halted, cutting Qatari and UAE loadings by more than 60 billion cubic meters between March and October, which pushed Asian and European gas prices to their highest since the 2022-2023 crisis.
Lost Gulf LNG keeps European and Asian gas prices elevated, which raises nitrogen fertilizer costs and pressures feed processing margins. Flexible LNG supply limits the upside, but the report flags severe remaining risks to gas security.
hk.marketscreener.comRichard SengmanyNov 3, 2026After 74 past bullish report events, NATGAS moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% over 20.
After 76 past bullish report events, UREA moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% 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.
