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The International Energy Agency warns that the Iran war will keep the global natural gas market tight for at least two years due to major supply disruptions. Damage to LNG infrastructure in Qatar, including reduced capacity at Ras Laffan, and the closure of the Strait of Hormuz are significantly impacting global supply. IEA chief Fatih Birol describes the situation as an unprecedented energy crisis. The agency estimates cumulative LNG supply losses of up to 120 billion cubic meters by 2030, with recovery and expansion delays expected.
Friday, 24 April, 2026