Middle East Conflict Clouds LNG Outlook as Global Trade Hits Record High

The Middle East conflict has made forecasting LNG market trends more difficult as infrastructure was hit and price volatility has exposed buyers to new challenges, according to the International Gas Union (IGU), an organization representing 90% of the global gas producers and importers. “The conflict in the Gulf has damaged LNG infrastructure, clouded the outlook for the region’s expansion projects, and exposed Asian buyers to flow uncertainty and higher prices,” Andrea Stegher, president of the IGU, said in remarks to the union’s…