CommoditiesMedium•4 November 2026•
1 min read
IEA Warns of Global LNG Supply Contraction Amid Strait of Hormuz Disruptions
Key Facts
1The IEA warned that Strait of Hormuz disruptions could shrink global LNG supply by 3% this year, the steepest annual decline on record.
2European gas storage facilities were approximately 75% full at the start of October according to the IEA.
3Natural gas is trading at approximately $1,100 per 1,000 cubic metres at the Netherlands' TTF hub.
The IEA warned that Strait of Hormuz disruptions could shrink global LNG supply by 3% this year, marking the steepest annual decline on record. Natural Gas Intelligence reported that missile attacks on tankers in the strait are threatening European energy security, potentially disrupting critical fuel deliveries ahead of the winter season.
European gas storage facilities were approximately 75% full at the start of October 2026 according to the IEA, providing a partial buffer against supply shocks. Natural gas is trading at approximately $1,100 per 1,000 cubic metres at the Netherlands' TTF hub as geopolitical tensions continue to pressure vital shipping lanes.