Hormuz disruption adds 12 billion dollars to Europe LNG bill

Rystad Energy estimates that Europe will spend at least $12 billion more on LNG in 2026 despite importing 24 million tonnes less, as disruption to Qatari and Emirati supply through the Strait of Hormuz forces buyers to replace cargoes. The analysis estimates the global LNG import bill will rise by $39 billion to $256.3 billion, with Europe particularly exposed because about 65% of its LNG is bought on the spot market.