Middle East War Set to Push Back LNG Glut by a Year, BNEF Says

🌐 Bloomberg (United States) —

AI Summary

The ongoing Middle East war is causing delays in LNG projects, pushing the anticipated global liquefied natural gas oversupply back to 2028. This impacts the timing of the LNG market glut.

The liquefied natural gas market will move into oversupply in 2028, a year later than previously forecast, as war in the Middle East and major project delays push back the emergence of a global glut, according to BloombergNEF.

World Security Conflict Markets Commodities Energy Middle East war LNG market liquefied natural gas project delays energy supply

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