Business & Finance
Shell Sees LNG Trade Flat in 2026 as Hormuz Chokes Supply
Key Points
Shell Sees LNG Trade Flat in 2026 as Hormuz Chokes Supply Shell Plc expects global liquefied natural gas supply to be flat year-on-year — after more than a decade of growth — as the conflict in the Middle East chokes supply. The forecast, published in Shell’s LNG Outlook 2026 released on Tuesday, assumes the Strait of Hormuz will reopen this summer. LNG supply could see a rare annual contraction if the Hormuz closure persists for weeks to come, curbing about a fifth of global exports, Shell...
Shell Sees LNG Trade Flat in 2026 as Hormuz Chokes Supply
Shell Plc expects global liquefied natural gas supply to be flat year-on-year — after more than a decade of growth — as the conflict in the Middle East chokes supply.
The forecast, published in Shell’s LNG Outlook 2026 released on Tuesday, assumes the Strait of Hormuz will reopen this summer. LNG supply could see a rare annual contraction if the Hormuz closure persists for weeks to come, curbing about a fifth of global exports, Shell said.