Energy · Doha, Qatar · November 5, 2026

Gas and LNG markets tighten as buyers leave Hormuz

Reported by 3 outlets · first reported Nov 4, 4:00 PM ET · from an earlier edition that day

LNG prices in Asia have tripled this year. Qatar is set to become the largest buyer of US LNG. Africa's LNG exports are projected to rise 175%. Butane prices hit 30-year highs in Europe. The UAE weighs a third pipeline avoiding Hormuz.

Why it matters

Heating and power costs rise as supply shifts.

Background

A big share of LNG passes Hormuz.

Sources

• OilPrice ↗Nov 4, 4:00 PM ET
• OilPrice ↗Nov 4, 6:00 PM ET
• OilPrice ↗Nov 4, 8:00 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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