IEA says Middle East conflict altering medium-term gas outlook

ReutersMay 7, 2026 7:40 AM

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BUDAPEST, May 7 (Reuters) - The conflict in the Middle East has already led to a loss of about 120 billion cubic meters of global liquefied natural gas (LNG) supply over the 2026-2030 period, Gergely Molnar, a gas analyst from the International Energy Agency (IEA) said on Thursday.

Molnar told the Budapest LNG Summit that the conflict was altering the medium-term gas outlook and tighter market conditions "could persist for longer than previously expected."

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