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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तनाव बढ़ने के बाद समुद्री बीमा कंपनियों ने हॉर्मुज स्ट्रेट से गुजरने वाले जहाजों को कवर देने से इनकार कर दिया. यह वही रास्ता है जिससे होकर भारत से सऊदी अरब, ईरान और संयुक्त अरब अमीरात जैसे देशों में बड़ी मात्रा में बासमती भेजा जाता है. मिडिल ईस्ट भारत के कुल बासमती निर्यात का 50% से ज्यादा हिस्सा खरीदता है. ऐसे में इस रूट पर संकट का मतलब है आधे से ज्यादा बाजार पर सीधा असर.

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