Global LNG supply shortfall reaches 120 billion cubic meters through 2030 due to Middle East conflict, tightening markets longer than expected.
Global natural gas markets face prolonged tightness through 2030 as the Middle East crisis cuts LNG supply by 120 billion cubic meters, according to the International Energy Agency. The conflict has already reduced global LNG supplies by around 15%, reshaping the medium-term outlook.
Prior forecasts anticipated a shorter supply squeeze, but the loss of Middle East output extends the imbalance. The IEA had not previously quantified the cumulative deficit, signaling deeper structural challenges for energy markets.
Markets may react to the revised supply constraints, potentially supporting higher gas prices amid sustained demand.