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.