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The conflict in the Middle East has already led to a loss of about 120 billion cubic meters of global liquefied natural gas (LNG) supply over the 2026-2030 period, Reuters reports, citing Gergely Molnar, a gas analyst from the International Energy Agency (IEA).
Molnar told the Budapest LNG Summit that the conflict was altering the medium-term gas outlook and tighter market conditions “could persist for longer than previously expected”.
