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Poland's Orlen terminated one of its two long-term QatarEnergy LNG contracts, covering 1 million tonnes a year, after force majeure disrupted deliveries. A second Qatari contract remains in force through 2034.
Qatari LNG disruption tightens European gas supply and keeps energy costs high for fertilizer and feed processing.
After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.