4 Hrs
Source:
الاقتصادية
Global gas markets confront supply issues
The ongoing disruptions in navigation through the Strait of Hormuz have significantly impacted a large portion of liquefied natural gas supplies from the Middle East, leading to rising gas prices in Europe and Asia and a decline in their inventories. Prices are expected to exceed $21 per million British thermal units by 2026, amid persistent supply shortages and increasing demand, especially during the winter season. Markets are heading towards greater competition for LNG shipments, with the likelihood of reaching targeted stock levels of up to 70% diminishing.
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