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Gas markets heat up as fundamentals join geopolitics - Rystad Energy's Gas and LNG Market Update
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Fusion42 · 13 August 2026 · Fusion42 review
Extended outages at Norway's Ormen Lange gas field and geopolitical tensions in the Middle East are driving European gas prices higher amid widening storage gaps, while US gas inventories remain robust despite increased demand. Asia experiences slower price rises and operational challenges in nuclear and gas plants, impacting regional LNG consumption and import patterns.
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◆ ◆ The Wire takeaway
Europe's gas supply crunch is accelerating as outages and geopolitical risks force prices above $20 per MMBtu, creating urgent demand that you can address by supplying flexible LNG cargoes or alternative sources. This tight market opens a window to reposition your trading or infrastructure strategy towards Europe before winter peaks.
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