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IEA warns of winter gas supply crunch

IEA warns of winter gas supply crunch

"The disruption of LNG flows through the Strait of Hormuz creates unprecedented uncertainty for the global LNG market ahead of the 2026/27 winter," the report said.

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Global natural gas supplies could tighten further during the 2026–27 winter heating season, as disruptions to trade flows through the Strait of Hormuz pose an unprecedented supply shock to the global liquefied natural gas (LNG) market, according to a report by the International Energy Agency (IEA).

The report noted that LNG loadings from Qatar and the United Arab Emirates declined by 60 billion cubic metres (bcm) year-on-year during March–October 2026, resulting in a 5%, or 20 bcm, decline in global LNG output, as additional supplies from new projects only partially compensated for reduced deliveries from the Persian Gulf.


With transit through the Strait of Hormuz remaining severely restricted in late October, the IEA warned that the disruption could continue to affect global gas supplies during the winter months.
"The disruption of LNG flows through the Strait of Hormuz creates unprecedented uncertainty for the global LNG market ahead of the 2026/27 winter," the report said.


It further stated that "the supply shock looks set to keep imposing tighter market conditions during the northern hemisphere winter, even as supply from new liquefaction plants around the globe continues to grow."
Depending on the pace of recovery in LNG shipments through the Strait of Hormuz, global LNG supply could decline by 10–25 bcm year-on-year during the November–March period, the report noted. (ANI)

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