{
  "id": 3997189,
  "title": "Gas Prices in Asia and Europe Jump as Qatar Extends LNG Force Majeure",
  "url": "https://urgent.news/2026/08/28/gas-prices-in-asia-and-europe-jump-as-qatar-extends-lng-force-majeure",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T16:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Gas-Prices-in-Asia-and-Europe-Jump-as-Qatar-Extends-LNG-Force-Majeure.html"
  },
  "original_language": "en",
  "account": "Natural gas prices surged in Asia and Europe on Friday following reports that Qatar extended its LNG force majeure through November, with transits through the Strait of Hormuz still blocked. In Asia, the spot LNG price reached $23.388 per million British thermal units (MMBtu), while European benchmark prices jumped to over $80 per megawatt-hour (MWh). Utilities in Asia have been outbidding European buyers for LNG supply, as the Middle East cargo supply dwindles and other producers cannot make up for the shortfall. Europe is entering winter with gas storage sites at just 63% capacity, compared to a five-year average of 80%. The combination of high demand for filling depleted storage and electricity during summer heatwaves, coupled with reduced LNG supply due to Qatar's trapped shipments, has driven prices to their highest levels in three years. Reports from Friday that QatarEnergy extended its force majeure through early November heightened concerns about global LNG supply as winter approaches.",
  "summary": "Natural gas prices in Asia and Europe jumped on Friday as the market digested reports that Qatar has extended the force majeure on its LNG deliveries into November amid still blocked transits through the Strait of Hormuz. In Asia, the spot LNG price jumped to $23.388 per million British thermal units (MMBtu) on Friday, traders told Bloomberg. The spot LNG price has been hovering at four-year high…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}