Middle East War to Delay LNG Glut by One Year

According to a report published by BloombergNEF (BNEF), the transition of the liquefied natural gas (LNG) market to a supply surplus will occur in 2028, one year later than previously estimated. The main reasons for this delay include the war in the Middle East and significant postponements in major projects. BNEF analysts note that current geopolitical tensions and disruptions in project timelines are delaying the emergence of a global LNG surplus. In particular, conflicts in the Middle East are negatively affecting LNG production and export capacities in the region, disrupting market balance. The report emphasizes that the supply surplus, previously expected in 2027, has been pushed back to 2028 due to these factors. This could keep LNG prices high in the short term and lead market players to reassess new investment decisions. Experts state that project delays and geopolitical risks are increasing uncertainty in the LNG market, but a supply surplus is inevitable in the long run. BNEF's revised forecast serves as an important reference point for planning and strategy development in the energy sector. This is not investment advice.