# LNG Prices Triple as Qatar Exits: Spike or Lasting Reset?

> The Japan-Korea Marker LNG benchmark reached $31.76/MMBtu on 3 November, a year-to-date gain above 230%. The rise follows the loss of Qatari and UAE loadings, and QatarEnergy's force majeure runs to at least the end of December 2026. US and African supply has covered up to two-thirds of the shortfall.

- Date: 2026-11-04 · published 2026-11-05T09:08:07.721Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/81449-lng-prices-triple-as-qatar-exits-spike-or-lasting-reset
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Asian gas prices are capped by coal switching, but 2027 tightness keeps upward pressure on gas-based energy and fertiliser costs. New US LNG capacity could later create a glut that weighs on prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2026-08-28 | [Gas Prices in Asia and Europe Jump as Qatar Extends LNG Force Majeure \| OilPrice.com](https://feedsoft.ai/events/18063-gas-prices-in-asia-and-europe-jump-as-qatar-extends-lng-force-majeure-oilprice.md) | +1.1% | +10.5% |
| NATGAS | 2022-04-01 | [Asia LNG Price Surges to Record as War Spurs ‘Panic’ Over Supply](https://feedsoft.ai/events/42452-asia-lng-price-surges-to-record-as-war-spurs-panic-over-supply.md) | +11.8% | +26.8% |
| 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% |

## Sources

- discoveryalert.com: https://discoveryalert.com/analysis/lng-prices-qatar-force-majeure-jkm-november-2026/

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