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Equinor Sees Tight Winter LNG Market as Hormuz Flows Remain Limited - Natural Gas Intelligence

Natural Gas Intelligence · October 28, 2026 · Week 2026-44

Summary

IOC Equinor anticipates a tight global LNG market for the upcoming winter, attributing the supply constraint to limited flows through the critical Strait of Hormuz. This highlights ongoing geopolitical risks impacting major LNG export routes from the Gulf, directly affecting producers like Qatar and the UAE and keeping a risk premium on global gas prices.

Strategic Implication

Sustained tension in the Strait of Hormuz will increase shipping insurance costs and could accelerate investment in overland pipeline routes bypassing the chokepoint.

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