IEA warns Middle East conflict slashes global LNG 15 percent, 120 billion cubic meters loss by 2030

The IEA warns that the Middle East conflict will slash global LNG supplies by approximately 120 billion cubic meters by 2030, citing disruptions to the Strait of Hormuz. European nations face immediate pressure to replenish depleted inventories this summer, requiring an additional 10 billion cubic meters of LNG. The IEA suggests methane reduction as a potential solution to mitigate the impact on global gas markets.