📈 U.S.–Europe Natural Gas Price Gap Widens Amid Iran War European Gas Prices Climb to More Than Six Times U.S. Levels European natural gas prices averaged $18.1/MMBtu in July 2026—more than six times the U.S. average of $2.9/MMBtu. The price gap widened sharply after U.S. and Israeli strikes on Iran began on February 28, triggering the shutdown of Qatar's Ras Laffan facility—the world's largest LNG export terminal—and the closure of the Strait of Hormuz, a critical route for roughly 20% of global LNG trade. Europe was hit particularly hard because it relies heavily on imported LNG priced on global markets and entered 2026 with unusually low gas storage levels. By contrast, the United States remained largely insulated, producing most of its natural gas domestically and facing limited direct exposure to Middle East supply disruptions. As a result, U.S. gas prices remained relatively stable while European prices surged. #Europe #EU #US #Russia #UkraineWar #energy #fuels #gas #NatGas #ONGT #LNG #USLNG

📈 U.S.–Europe Natural Gas Price Gap Widens Amid Iran War European Gas Prices Climb to More Than Six Times U.S. Levels European natural gas prices averaged $18.1/MMBtu in July 2026—more than six times the U.S. average of $2.9/MMBtu. The price gap widened sharply after U.S. and Israeli strikes on Iran began on February 28, triggering the shutdown of Qatar's Ras Laffan facility—the world's largest LNG export terminal—and the closure of the Strait of Hormuz, a critical route for roughly 20% of global LNG trade. Europe was hit particularly hard because it relies heavily on imported LNG priced on global markets and entered 2026 with unusually low gas storage levels. By contrast, the United States remained largely insulated, producing most of its natural gas domestically and facing limited direct exposure to Middle East supply disruptions. As a result, U.S. gas prices remained relatively stable while European prices surged. #Europe #EU #US #Russia #UkraineWar #energy #fuels #gas #NatGas #ONGT #LNG #USLNG

Source:https://x.com/staunovo/status/2085386593917894769