The extent of global natural gas demand destruction stemming from the current energy crisis involving the near-closure of the Strait of Hormuz and the boxing in of Qatari and UAE LNG exports remains one of the biggest questions plaguing the industry. The expectation remains that the disruptions will be short-lived and the incoming supply glut will help make gas attractive, affordable and secure once again. But lingering uncertainty over the Mideast conflict makes the potential long-standing damage to the future of gas more acute.
Viewpoint: Gas Demand Cuts Grow as Hormuz Risks Linger
Global gas demand in 2026 is expected to see its third annual decline this decade due to the near-closure of the Strait of Hormuz.












