New LNG Projects May Not Avert Winter Gas Shortfall as Hormuz Disruptions Persist
Global liquefied natural gas supplies face unusual pressure because of ongoing disruptions in the Strait of Hormuz. The International Energy Agency says shipments loaded from Qatar and the UAE have fallen sharply. As a result, worldwide LNG output is expected to drop by roughly 10 to 25 billion cubic meters over the winter. Newly launched projects in North America and elsewhere could cover part of that gap. However, they may not be enough to fully prevent a gas crunch during the season.
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