Global LNG supply wave delayed as Hormuz shock reshapes gas markets

Chart showing decline in Europe LNG imports and pipeline gas flows March 2026

Global LNG supply has been sharply disrupted by the effective closure of the Strait of Hormuz, with the IEA warning that the loss of almost 20% of global LNG supply is distorting short-term gas market fundamentals and altering the medium-term outlook. After strong LNG growth had helped ease prices earlier in the winter, the Middle East conflict has pushed Asian […]

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