Strait of Hormuz Closure Cuts LNG Exports 6%

Global LNG exports expected to fall at least 6% in 2026 due to Strait of Hormuz closure, even if reopened by May.
Asian importers respond with energy rationing, increased coal generation, and spot LNG purchases, keeping prices below 2022 crisis peaks.
New liquefaction capacity from the U.S., Qatar, Canada and Senegal slated for 2027 onward will cushion market, potentially creating surplus by 2028.