# Projected 3% decrease in annual LNG supply largest on record, reports IEA

> The IEA projects global LNG supply will fall 3% in 2026, about 20 bcm, the steepest annual decline on record, assuming Strait of Hormuz flows stay largely disrupted through year-end. Global gas demand is expected to drop about 1.5%, partly from Middle East demand destruction, while LNG loadings from Qatar and the UAE fell by over 60 bcm from March to October.

- Date: 2026-11-04 · published 2026-11-04T18:08:09.394Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/80058-projected-3-decrease-in-annual-lng-supply-largest-on-record-reports-iea
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Losing Gulf LNG tightens global gas supply and keeps European and Asian gas prices elevated, raising energy and fertilizer input costs for feed producers. Partial offset from North American and African output limits the price spike.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-04-01 | [Asia LNG Price Surges to Record as War Spurs ‘Panic’ Over Supply](https://feedsoft.ai/events/42452-asia-lng-price-surges-to-record-as-war-spurs-panic-over-supply.md) | +11.8% | +26.8% |
| NATGAS | 2026-03-03 | [Natural gas, LNG prices soar on Middle East supply fears](https://feedsoft.ai/events/20365-natural-gas-lng-prices-soar-on-middle-east-supply-fears.md) | +7.0% | -3.1% |
| NATGAS | 2023-11-03 | [Natural gas, LNG markets clutch onto risk premium despite ample supply](https://feedsoft.ai/events/6391-natural-gas-lng-markets-clutch-onto-risk-premium-despite-ample-supply.md) | -12.8% | -15.7% |
| NATGAS | 2026-04-24 | [Middle East crisis disrupts international natural gas markets and delays global LNG supply wave - IEA](https://feedsoft.ai/events/19907-middle-east-crisis-disrupts-international-natural-gas-markets-and-delays-global.md) | +2.7% | +17.0% |
| NATGAS | 2022-07-29 | [European Natural Gas, Asian LNG Prices Soar on NS1 Supply Cuts](https://feedsoft.ai/events/40665-european-natural-gas-asian-lng-prices-soar-on-ns1-supply-cuts.md) | -2.1% | +11.7% |

## Sources

- gasworld.com: https://www.gasworld.com/story/projected-3-decrease-in-annual-lng-supply-largest-on-record-reports-iea/2263515.article/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.