Liquefied natural gas (LNG) supplies are likely to remain strained through the end of 2027 due to disruptions and infrastructure damage from the US-Iran war, the International Energy Agency has said according to AFP.
“The combined effect of short-term supply losses and slower capacity growth could result in a cumulative loss of around 120 billion cubic metres of LNG supply between 2026 and 2030,” the Paris-based agency said in a new report.
It said nearly 20 per cent of LNG supply has been lost due to the conflict, and warned that new investments to increase production are likely to be delayed.
“While new liquefaction projects in other regions are expected to offset these losses over time, the impact will prolong tight markets through 2026 and 2027,” it said.
