CommoditiesMedium•3 November 2026•
1 min read
IEA Warns Global Gas Supply Tightness Could Persist Until 2027
Key Facts
1The IEA warned that global gas markets could remain tight until 2027 due to low European storage levels.
2Europe entered the current heating season with its lowest gas storage levels in over a decade, specifically since 2013.
3The agency noted that the Strait of Hormuz crisis has seriously affected gas markets in both Europe and Asia.
The International Energy Agency warned that global gas markets could remain tight until 2027 due to low European storage levels. Oilprice.com reported that Europe entered the current heating season with its lowest gas inventories in over a decade, specifically since 2013.
The agency noted that the Strait of Hormuz crisis has seriously affected gas markets in both Europe and Asia, restricting supply flows. These constraints, combined with the need to replenish depleted inventories, are expected to maintain pressure on global gas and LNG spot prices through 2027.