# Gas prices have soared due to supply disruptions caused by the shooting of liquefied natural gas (LNG) production facilities in the Middle East and increased winter demand

> Damage to Qatar’s LNG production facilities during the Middle East war reduced global LNG supply, while demand declined only slightly. Northeast Asian spot LNG prices reached about $32 per MMBtu, roughly triple their level earlier in the year, and South Korea’s industrial city-gas wholesale cost rose 66% year over year.

- Date: 2026-11-09 · published 2026-11-09T09:22:10.133Z
- Category: geopolitics · region South Korea and Qatar · magnitude medium
- Page: https://feedsoft.ai/events/89247-gas-prices-have-soared-due-to-supply-disruptions-caused-by-the-shooting-of
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower LNG availability alongside winter demand is tightening supply and lifting gas prices. Higher industrial gas costs in South Korea raise production expenses, while the government’s freeze on public-use charges adds pressure to the Korea Gas Corporation’s finances.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-04-24 | [Middle East crisis disrupts international natural gas markets and delays global LNG supply wave - IEA](https://feedsoft.ai/events/19907-middle-east-crisis-disrupts-international-natural-gas-markets-and-delays-global.md) | +2.7% | +17.0% |
| 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 | 2026-03-03 | [Global oil and gas prices soar as Iran crisis disrupts shipping, production \| Reuters](https://feedsoft.ai/events/8777-global-oil-and-gas-prices-soar-as-iran-crisis-disrupts-shipping-production.md) | +7.0% | -3.1% |
| NATGAS | 2026-07-07 | [Global demand for natural gas expected to contract this year as tighter supply pushes up prices - IEA](https://feedsoft.ai/events/18538-global-demand-for-natural-gas-expected-to-contract-this-year-as-tighter-supply.md) | -12.4% | -14.4% |
| NATGAS | 2024-08-29 | [Higher Natural Gas Prices Seen This Winter in Europe as Geopolitical Complications Mount](https://feedsoft.ai/events/28999-higher-natural-gas-prices-seen-this-winter-in-europe-as-geopolitical.md) | +11.7% | +36.8% |

## Sources

- mk.co.kr: https://www.mk.co.kr/en/economy/12202784

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