Global LNG Supply Tightens as Summer Demand Rises

Global LNG markets are tightening further as the loss of roughly 20 percent of daily LNG supply from the Middle East collides with forecasts for a hotter summer and stronger Asian cooling demand. com reported that higher-than-expected summer temperatures and the El Niño weather pattern are expected to raise gas demand in Asia over the coming months.

European gas prices could rise further if the Strait of Hormuz remains inaccessible to most LNG tankers this summer. Europe is seeking to refill gas storage sites that have depleted to multi-year lows at the end of the 2025/2026 winter.

LNG demand could rebound sharply if El Niño weakens hydropower output. com stated that elevated prices and supply disruptions are increasingly viewed as a long-term structural shift for global gas markets.