# IEA projects record 3% fall in global LNG supply as Iran war removes 60 bcm; JKM at $31.57/MMBtu

> The IEA estimates that the Iran war removed about 60 billion cubic metres of LNG supply over the eight months to October and projects global LNG production will fall 3% this year, the steepest annual decline on record. QatarEnergy extended force majeure on LNG exports, while Asian and European buyers competed for fewer cargoes; JKM was reported at $31.57/MMBtu on November 6.

- Date: 2026-11-06 · published 2026-11-06T15:09:18.162Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/84124-iea-projects-record-3-fall-in-global-lng-supply-as-iran-war-removes-60-bcm-jkm
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The loss of LNG supply tightens the global market and intensifies competition among importers, putting upward pressure on gas prices in Asia and Europe.

## 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 | 2026-04-01 | [How the Iran War Is Disrupting Global Oil and Gas Supply](https://feedsoft.ai/events/20364-how-the-iran-war-is-disrupting-global-oil-and-gas-supply.md) | -4.5% | -9.0% |
| NATGAS | 2026-03-19 | [Prices for oil, fuel cargoes smash record highs as Iran war chokes Middle East supply \| Reuters](https://feedsoft.ai/events/6637-prices-for-oil-fuel-cargoes-smash-record-highs-as-iran-war-chokes-middle-east.md) | -4.7% | -12.3% |
| NATGAS | 2021-11-23 | [Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong -- LNG Recap](https://feedsoft.ai/events/44230-supply-outages-weather-forecasts-keep-global-natural-gas-prices-strong-lng-recap.md) | -5.5% | -18.6% |
| NATGAS | 2026-04-01 | [Asia LNG Imports Drop Most Since 2022 as Iran War Upends Supply - Bloomberg](https://feedsoft.ai/events/19911-asia-lng-imports-drop-most-since-2022-as-iran-war-upends-supply-bloomberg.md) | -4.5% | -9.0% |

## Sources

- energyreader.io: https://energyreader.io/brief/18318

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