Global Gas Supplies To Tighten This Winter Due To Strait Of Hormuz LNG Shock

Global natural gas supplies could tighten further during the <b>2026-27</b> winter heating season due to unprecedented disruptions to trade flows through the <b>Strait of Hormuz</b>. The International Energy Agency warned that liquefied natural gas loadings from <b>Qatar</b> and the United Arab Emirates declined by <b>60</b> billion cubic metres year-on-year during March-October <b>2026</b>. This disruption resulted in a <b>5</b> percent decline in global liquefied natural gas output, while long-distance pipelines remain limited in offsetting these shortages.