- European natural gas rose after Iran's president highlighted the wide gap between Tehran and Washington as the war drags on, dimming hopes that energy flows through the Strait of Hormuz will normalize any time soon.
- Qatar ramped up LNG tanker traffic through the Strait of Hormuz to the highest in more than two months, a sign it is becoming more comfortable moving ships through the waterway.
- Southeast Asia continues building gas-fired power plants and LNG import capacity despite war-driven gas price inflation, with roughly 100 GW of new gas generation and 70 GW of LNG import capacity under construction, per Global Energy Monitor.
- The continued expansion of LNG import infrastructure risks deepening exposure to the same supply disruptions and price volatility the crisis is creating.
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“The continued expansion of LNG import infrastructure risks deepening exposure to the same supply disruptions and price volatility the crisis”