Middle East crisis disrupts international natural gas markets and delays global LNG supply wave

Press release

24 April 2026

IEA’s latest quarterly report shows how the ongoing supply shock and infrastructure damage are increasing price volatility and pushing back easing of global gas balances

The global natural gas market outlook has been significantly altered by the conflict in the Middle East, according to the International Energy Agency’s latest quarterly gas market report, with a major supply shock disrupting market fundamentals and pushing back an expected wave of new LNG supply.