Goldman Sachs Warns: European Gas Prices Could Skyrocket 130% if Hormuz Strait Shuts for a Month

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Hormuz Strait Closure Could Send European Gas Prices Soaring 130%, Goldman Warns

European gas could surge 130% if Hormuz shuts for a month, Goldman warns. (File/AP)

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Firstpost•02-03-2026, 12:28

Hormuz Strait Closure Could Send European Gas Prices Soaring 130%, Goldman Warns

•European natural gas prices could more than double if the Strait of Hormuz is halted for a month, according to Goldman Sachs.
•A one-month disruption could send European gas prices and spot Asian LNG up by as much as 130% to around $25 per mmBtu.
•About 20% of global LNG supply, primarily from Qatar, transits through the Strait of Hormuz, a critical energy chokepoint.
•A longer disruption (over two months) could lift European gas prices above €100 per MWh, triggering significant global gas demand destruction.
•US natural gas prices would likely see limited impact due to the US being a major net exporter with facilities operating near full capacity.

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