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MPLX's Blackcomb Pipeline will add 2.5 billion cubic feet per day of Permian gas to Gulf Coast LNG terminals by end-2028. The connection could increase US LNG available for European buyers as the EU seeks alternatives to pipeline gas imports.
Iranian military strikes on energy facilities triggered an 85% surge in European gas prices, with oil breaking above $80 per barrel. The attacks created immediate supply disruptions across multiple countries, testing EU energy security infrastructure and policy frameworks built after the Russia-Ukraine crisis.
European natural gas prices are surging as part of a broader commodities rally driven by macro uncertainty and geopolitical supply concerns. Gold futures hit record highs at $4,200/oz while investors rotate into hard assets amid expectations for Federal Reserve rate cuts. The flight-to-safety movement comes as tech indices end winning streaks and supply risk concerns intensify across energy markets.
European natural gas prices surged in late November 2026 amid UK political instability and broader commodity market turbulence. The energy price spike coincided with a flight to safe-haven assets, driving gold futures to record $4,200/oz while Bitcoin dropped 19% for the month. Continental energy markets face mounting uncertainty as macro pressures amplify supply concerns.
