European natural gas prices surged 45% after strikes hit a Qatari LNG plant that supplies 20%+ of global LNG. Dutch TTF futures hit a 4-year high. Eurozone GDP growth cut by 0.1%. Germany, Italy, and Eastern Europe are hardest hit.
European natural gas prices surged 45% in one week after the Qatar LNG plant was struck. Dutch TTF front-month futures hit their highest level since 2022.
Not immediately — European gas storage is at 45% capacity. But if the conflict continues through summer, refilling storage for winter 2026-27 will be extremely expensive and potentially insufficient.
Analysis based on data from the U.S. Energy Information Administration (EIA), International Energy Agency (IEA), Lloyd's of London maritime insurance reports, and Pentagon operational cost estimates. Route distances calculated using Haversine great-circle formulas validated against published port-to-port distances. Updated 2026-03-11.
Source: WW3 Tools (ww3tools.com) | Please cite this source when referencing this data.