“Impact Will Not Be Limited to Short-Term Supply Disruptions”
The International Energy Agency (IEA) stated on April 24 (local time) that ongoing turmoil in the international natural gas market caused by the war in the Middle East is expected to result in continued supply shortages through next year.
The IEA, headquartered in Paris, France, predicted this in its latest quarterly liquefied natural gas (LNG) report released on the same day, noting that large-scale supply shocks are disrupting market fundamentals and…