European natural gas surged above €80 a megawatt-hour for the first time in more than three years, intensifying the threat to the region’s economy as the war in the Middle East drives up energy costs just as winter approaches.

A liquefied natural gas tanker that loaded in Qatar early last month has sailed through the Strait of Hormuz, the first visible exit of the country’s LNG via the waterway since July.

European natural gas headed for a fourth weekly gain as fresh fighting in the Middle East boosted concerns about prolonged supply disruptions and winter fuel inventories.

Europe’s natural gas rally took a breather as US President Donald Trump appeared to rule out prolonged military action in the Middle East, raising hopes for renewed talks on recovering energy flows from the region.

Grain LNG, which has the largest capacity to import liquefied natural gas into the UK, has appointed Peter Abdo as its chief executive officer starting October.

Global gas demand is poised for the first annual drop since the 2022 energy crisis because of higher prices caused by the Iran war, according to the International Energy Agency.

Qatar said it doesn’t expect liquefied natural gas exports to be impacted by an explosion at the Ras Laffan industrial complex which left 13 dead and 66 injured.

European natural gas edged higher after talks between the US and Iran appeared to get off to a shaky start, with President Donald Trump issuing fresh threats even as discussions on a peace deal proceed.

European natural gas prices have mostly fallen since a US-Iran peace accord started to take shape this week, but the drop has done little to improve the economics of storing fuel for winter as analysts continue to expect a tight market.

Europe’s imports of liquefied natural gas are heading for a second month of declines, as the Iran war disrupts flows.

Europe’s reliance on natural gas from the US is expected to surge to a record this year as the country helps offset supplies lost from the Middle East, according to an energy think tank.

Oil and natural gas fell sharply as Iran evaluated a new proposal from the US to end the war that has lasted nearly 10 weeks.

Europe is beginning the roll-out of a ban on imports of Russian liquefied natural gas at a difficult time, with the war in Iran seriously disrupting global supply.

Europe is facing its first monthly drop in seaborne supply of natural gas in over a year, with volumes dampened by terminal works and tighter global flows.

The global natural gas market is set to remain tight well beyond this year, as the ongoing conflict in the Middle East and damage to regional infrastructure continue to disrupt supply, according to the International Energy Agency.

Europe is beginning the roll-out of a ban on imports of Russian liquefied natural gas at a difficult time, with the war in Iran seriously disrupting global supply.

European natural gas resumed its advance as uncertainty over the duration of the supply disruption from the Iran war persisted, even as Washington extended a truce.

Several liquefied natural gas tankers appear to be nearing the Strait of Hormuz, as the market closely watches if flows of the super-chilled fuel through the waterway will resume despite Iran’s mixed messages.

Britain’s natural gas supply looks sufficient this summer despite the disruption to global energy flows caused by the Iran war, according to the grid manager.

European natural gas pulled back as broader markets weighed efforts by the US and Iran to make their way back to the negotiating table.