Energy · Berlin, Germany · November 11, 2026

Poland's Orlen cancels Qatar LNG contract; gas prices rebound

Reported by 2 outlets · first reported Nov 11, 12:00 PM ET

European gas prices rebounded as uncertainty over the Iran war returned. Germany's cabinet approved a strategic gas reserve of 24 terawatt-hours. Germany's first capacity auction went entirely to gas plants.

Why it matters

Gas reserves and supply deals shape winter heating and power costs in Europe.

Background

Europe lost Russian gas supplies after 2022 and relies on LNG.

The story so far

1. Nov 2Germany misses gas storage target as prices soar
2. Nov 3Europe enters winter with low gas storage
3. Nov 10European gas stocks at record low before winter
4. Nov 11Poland's Orlen cancels Qatar LNG contract; gas prices rebound
5. Nov 12Germany plans strategic gas reserve and backs gas plants

Follow the whole story →

Sources

• OilPrice ↗Nov 11, 12:30 PM ET
• AFP via France 24 via Wikipedia ↗November 11, 2026
• OilPrice ↗Nov 11, 12:00 PM ET

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