LNG: Why a resilient portfolio is increasingly key to success in Oil & Companies News 12/06/2026 Just months ago, a period of oversupply in LNG markets seemed inevitable. The war in the Middle East has dramatically changed the outlook for LNG, yet two very distinct narratives are emerging about how the market will evolve. At our recent Gas, LNG & The Future of Energy conference in London, we delivered a keynote presentation exploring what these very different scenarios would mean for industry decision-makers. An extended disruption scenario A delayed resolution to the conflict results in extended disruption to LNG markets. The Strait of Hormuz remains closed throughout 2026, while ongoing tensions means there is a risk it continues to be a recurrent chokepoint thereafter. A quick peace scenario In contrast, a quick peace scenario represents a ‘best case’ in terms of conflict resolution, with the Strait of Hormuz opening by July, and a lasting peace agreement avoiding further closures. How will LNG importers respond? How importing countries will react to the current situation will depend on how the conflict evolves. Under a quick peace scenario, increased supply availability and lower prices will likely result in future gas and LNG demand being similar to that anticipated before the war. However, under an extended disruption scenario, some countries will be incentivised to to refocus their energy strategies on securing their supply chain and either doubling down on coal or investing in increasingly cheap renewables. How the global LNG market will balance under the two scenario is becoming increasingly uncertain. Source: Wood Mackenzie 2026-06-12 hellenicshippingnews... tweet Share