Natural Gas Rises to 1-Month High

2026-03-12 15:21 By Andre Joaquim 1 min. read

US natural gas futures were above $3.2 per MMBtu in March, the highest in over one month, tracking the rise in global energy prices as the disruption of gas shipments from the Persian Gulf raised foreign demand for US liquified natural gas.

Attacks from Iran to GCC nations and Israeli-US forces picked up in magnitude, dimming bets of imminent de-escalation to the conflict.

The war drove QatarEnergy to halt operations in their LNG 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.

The events drove key Asian buyers of Middle Eastern LNG to compete with European importers for US product, lifting Henry Hub asking prices despite the ample domestic production.

The latest data from the EIA showed that domestic stocks fell by 28 billion cubic feet in the first week of March, less than expected, reflecting the near end of withdrawing season.



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