Iran War to Keep Gas Market Tight for Two More Years, IEA Says

The global natural gas market is set to remain tight well beyond this year, as the ongoing conflict in the Middle East and damage to regional infrastructure continue to disrupt supply, according to the International Energy Agency.

In a report published Friday, the IEA said the war has delayed a long-anticipated glut in liquefied natural gas, even as new capacity comes online. The impact of that expansion — driven largely by the US — is being pushed back “by at least two years.”