IGU secretary-general Menelaos Ydreos said the war involving Iran has disrupted Gulf LNG flows and is making it harder for Europe to refill storage, prompting Europe to outbid Asia for cargoes at higher prices. Forward curves show traders now expect

2026-09-23

IGU secretary-general Menelaos Ydreos said the war involving Iran has disrupted Gulf LNG flows and is making it harder for Europe to refill storage, prompting Europe to outbid Asia for cargoes at higher prices. Forward curves show traders now expect elevated prices and supply risk may persist through next summer before easing, a marked shift from expectations months ago that prices would fall after winter; concerns remain over potential impacts on major supplier Qatar's exports.