The article highlights the role of natural gas in the ongoing global energy supply crisis, pointing out that Asian countries are particularly hard hit by the absence of gas from the Persian Gulf. This situation may lead to increased price tensions in Europe and affect storage capabilities for the upcoming winter. The price of Brent crude oil has surged by 51% since the onset of attacks by the U.S. and Israel on Iran, while European natural gas futures have skyrocketed by 98%.

Following an escalation of military actions, notably the bombing of South Pars—one of the world's largest gas fields shared between Iran and Qatar—the price of the Dutch Title Transfer Facility (TTF), a key benchmark for European gas prices, rose by 21% within a short span of time. This significant price increase reflects the instability created by these geopolitical tensions, which are disrupting the supply of gas and dramatically increasing its costs amidst the broader energy crisis.

Experts from the consultancy Kpler suggest that these events serve as critical reminders of the fragility of the global energy supply, especially in relation to natural gas. With winter approaching, European countries may face challenges in meeting their energy demands due to reduced storage capacities and volatile prices, raising concerns about energy security across the continental landscape.