EU Energy Commissioner Dan Jorgensen warned that the energy market outlook remains bleak, likening current situation to 1973 and 2022 crises.
He said the US‑Israeli conflict with Iran could keep global supplies disrupted for months or even years, despite any peace deal.
Qatar’s gas production and transport infrastructure will need roughly two years or longer to rebuild, delaying market relief.
Global LNG prices are not expected to stabilise or fall over the next couple of years, even under best‑case scenarios.