Natural gas futures in Europe soared more than 40% to &euro 55 per megawatt-hour in the second week of October, the highest in eight months as demand received a lift from expected cooler temperatures, while concerns about supply were escalated by geopolitical risks and ongoing strikes at LNG facilities in Australia. Israel has shut down a major gas field due to safety concerns amid ongoing conflicts, which could affect liquefied natural gas exports from Egypt. Additionally, a Baltic pipeline leak investigation raised winter infrastructure security worries, leading to its temporary closure. Meanwhile, negotiations between Chevron and unions regarding a pay and conditions deal at its Australian LNG facilities showed some progress on Friday but did not reach a final agreement. Furthermore, anticipated colder temperatures are expected to increase demand for natural gas for heating purposes.