IEA says war led to 120 bcm losses of global LNG supply through 2030

The Iran war has already led to a loss of about 120 billion cubic metres (bcm) of global liquefied natural gas supply over the 2026 to 2030 period, Gergely Molnar, an analyst from the International Energy Agency (IEA), said on Thursday.

 

Speaking at the Budapest LNG Summit, Molnar said the ⁠conflict was reshaping the medium-term gas outlook, with tighter market conditions likely to persist longer than previously expected.

 

He said the crisis had cut LNG supply by around 15%, but a strong increase in new liquefaction capacity was expected to offset lost volumes from Qatar and ⁠the UAE.

 

As European Union storage levels are some ⁠30% below their five-year average, filling them up to the 90%-full target will require ⁠an additional 10 bcm of gas, according to the IEA's Molnar.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request