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IEA Says Iran War Will Keep the Global Natural Gas Market Tight for Two Years
The IEA said nearly 20% of LNG supply has been lost and warned that delayed investment could leave markets short by 120 billion cubic metres.
- On Friday, the International Energy Agency reported that liquefied natural gas supplies will likely remain strained through 2027 due to disruptions and infrastructure damage from the US-Iran war.
- Tehran effectively closed the Strait of Hormuz to tanker traffic, cutting off one-fifth of global supplies, while Iranian strikes last month on Qatar's Ras Laffan Industrial City reduced LNG capacity by 17%.
- The IEA estimates a cumulative shortfall of 120 billion cubic metres of LNG through 2030, with market tightness persisting through 2026 and 2027 despite projected offsets from new projects.
- Soaring energy prices are depressing demand, with the IEA noting that "the demand side is set to play a key role in balancing the market"—particularly in Asia, where fuel switching is accelerating.
- The duration of the Hormuz closure remains a key uncertainty for global gas demand in 2026, with IEA head Fatih Birol calling the disruption "the biggest crisis in history.
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In a report released this Friday, the International Energy Agency (IEA) calls for "strengthening the security of global LNG supply"
·Paris, France
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West Asia conflict could cause 120 bcm of LNG supply loss from 2026-2030, says International Energy Agency
LNG supply growth came to a halt in March after the closure of the Strait of Hormuz, which effectively reduced the combined LNG production of Qatar and the United Arab Emirates by around 10 bcm for the month
·India
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Times of IndiaReposted by 
The Economic Times
The Economic TimesMiddle East crisis to keep LNG markets 'tight' till 2027: IEA
Global LNG markets face tightness until 2027. Middle East conflict disrupts supply and delays new capacity. Shipping disruptions have removed nearly 20% of global LNG supply, causing price spikes. Europe's gas consumption fell. Asian countries are switching fuels. Delays in Qatar's infrastructure will create a supply shortfall.
·India
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Total News Sources19
Leaning Left1Leaning Right3Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 17%
C 33%
R 50%
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