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

BloombergNEF forecasts the LNG market will turn oversupplied in 2028, one year later than previously expected, driven by Middle East war-related disruptions and major project delays. The delayed global glut implies a slower transition to weaker LNG fundamentals versus earlier projections.

Analysis

BloombergNEF forecasts the LNG market will turn oversupplied in 2028, one year later than previously expected, driven by Middle East war-related disruptions and major project delays. The delayed global glut implies a slower transition to weaker LNG fundamentals versus earlier projections.