Why new LNG projects may not prevent a global gas crunch this winter
Global liquefied natural gas supplies are facing unprecedented challenges due to ongoing disruptions in the Strait of Hormuz. The International Energy Agency reports that LNG loadings from Qatar and the UAE have decreased significantly. As a result, global LNG output is projected to fall between 10 and 25 billion cubic meters during winter. New projects in North America and other regions may…
The International Energy Agency (IEA) has warned that global natural gas supplies could face a significant shortage during the 2026–27 winter heating season due to ongoing disruptions in shipments through the Strait of Hormuz. The agency highlighted a 60 bcm year-on-year decline in LNG loadings from Qatar and the United Arab Emirates between March and October 2026, contributing to a 5% or 20 bcm decrease in global LNG output.
New projects have added around 18 bcm of supply during the winter, but this is not enough to offset the losses from the Persian Gulf. If the Strait of Hormuz only partially reopens in January 2027, global LNG supply could decrease by 9 bcm or 3% year-on-year, while a complete closure until March 2027 could result in a sharper 20 bcm or 7% decline.
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