The Iran War Just Added $39 Billion to the World's LNG Bill

AI Summary

The Iran war has disrupted LNG exports from Qatar and the UAE through the Strait of Hormuz, pushing importers to seek replacement supplies at higher prices. Rystad Energy estimates that global buyers will spend at least $39 billion more on LNG in 2026 despite importing 60.7 million fewer tonnes.

The Middle East conflict has disrupted global energy flows, forcing countries to rethink supply routes and strengthen energy security. As more buyers turn to the spot market to replace disrupted volumes, Rystad Energy estimates that global LNG importers will spend at least $39 billion more on contracted and spot supplies in 2026, despite purchasing 60.7 million tonnes less. Disruptions to Qatari and UAE exports through the Strait of Hormuz are forcing buyers to secure replacement volume at higher prices. Total portfolio costs are expected to reach…