# Hormuz disruption adds 12 billion dollars to Europe LNG bill

> Rystad Energy estimates that Europe will spend at least $12 billion more on LNG in 2026 despite importing 24 million tonnes less, as disruption to Qatari and Emirati supply through the Strait of Hormuz forces buyers to replace cargoes. The analysis estimates the global LNG import bill will rise by $39 billion to $256.3 billion, with Europe particularly exposed because about 65% of its LNG is bought on the spot market.

- Date: 2026-11-07 · published 2026-11-08T03:08:23.020Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/86906-hormuz-disruption-adds-12-billion-dollars-to-europe-lng-bill
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Constrained Hormuz flows and Europe’s reliance on spot purchases raise replacement costs and increase upward pressure on European and global natural-gas prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +7.5% | +4.0% |
| NATGAS | 2023-01-31 | [Russia boosts LNG exports to Europe by 20% in 2022 - Refinitiv \| Reuters](https://feedsoft.ai/events/37945-russia-boosts-lng-exports-to-europe-by-20-in-2022-refinitiv-reuters.md) | -16.0% | -4.6% |
| NATGAS | 2026-03-01 | [WTI oil prices jump on fears Iran retaliation will hasten disruption](https://feedsoft.ai/events/12015-wti-oil-prices-jump-on-fears-iran-retaliation-will-hasten-disruption.md) | +7.5% | +4.0% |
| NATGAS | 2026-03-02 | [Euro Declines on Dollar Strength](https://feedsoft.ai/events/11007-euro-declines-on-dollar-strength.md) | +7.5% | +4.0% |
| NATGAS | 2026-04-01 | [How the Iran War Is Disrupting Global Oil and Gas Supply](https://feedsoft.ai/events/20364-how-the-iran-war-is-disrupting-global-oil-and-gas-supply.md) | -4.5% | -9.0% |

## Sources

- news.kilambi.com: https://news.kilambi.com/stories/2026-11-07-hormuz-lng-cost-europe-12-billion/

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