Global gas supplies could tighten in winter amid Hormuz supply shock: IEA
ANINew Delhi 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 unpreced...
The International Energy Agency (IEA) predicts that global natural gas supplies may face a significant tightening during the 2026-27 winter heating season due to supply shocks from disruptions in the Strait of Hormuz, according to a recent report. The report suggests that the disruption could lead to a 10-25 billion cubic meter (bcm) year-on-year decline in global LNG output during November to March.
This decline is primarily due to a 5% (20 bcm) drop in global LNG output during March to October 2026, as a result of reduced deliveries from the Persian Gulf caused by restricted transit through the Strait of Hormuz. Despite additional supplies from new projects partially compensating for the reduced deliveries, the IEA warns that the disruption could continue to affect global gas supplies during the winter months.
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