European Natural Gas Sees Lower Volatility

2026-03-13 16:06 By Andre Joaquim 1 min. read

European natural gas futures held above €50/MWh on Friday, softening their recent volatility for the second session and closing the week slightly lower as markets assessed how Europe and Asia will source their LNG with the halt of exports from the Persian Gulf.

Attacks from Iran to GCC nations rose in magnitude at the turn of the week, dimming bets of imminent de-escalation.

The war drove QatarEnergy to halt operations in their liquified natural gas facilities, responsible for 20% of the global market.

Additionally, LNG shipments from the UAE remained halted as tankers refrained from routing through the Strait of Hormuz, driving European natural gas prices to hover 60% up since the start of the month.

Still, fresh data showed that US natural gas output rose to a record high last year, and investment in LNG continued to rise, supporting alternatives for European countries that depend on LNG shipments since the EU limited Russian gas imports in 2022.



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