Apr. 26 at 2:02 AM
$VG Two Months Of Hormuz Disruptions Tightens LNG Market
Before the shutdowns in the Gulf, the market had expected a wave of new LNG supply to lead to a surplus. That outlook has shifted. Vitol’s Head of LNG Pablo Galante Escobar said this week the widely expected glut is likely to be delayed by at least two years.
Speaking during the FT Commodities Global Summit in Lausanne on 21 April, he said Vitol expects around 20mn t/y of LNG supply to be lost in 2027 and 2028, according to shipping news outlet TradeWinds.
https://www.mees.com/2026/4/24/opec/two-months-of-hormuz-disruptions-tightens-lng-market/4adec6f0-3fc8-11f1-b877-5d12be723123