Market insight papers
Global LNG market preview — winter 2026-27
Explore how uncertainty over Middle East LNG supply could impact global balances, regional demand, trade flows and freight rates this winter.
The ongoing disruption to Middle East LNG exports continues to reshape global gas markets, creating uncertainty over winter supply availability and trade flows. As buyers compete for available cargoes, the market remains highly sensitive to any change in the outlook for Middle East LNG supply.
- How much could global LNG supply fall if the strait of Hormuz remains closed?
- Can China's growing domestic production, pipeline imports and storage capacity offset the need for additional LNG imports?
- How much flexibility does Europe have to navigate winter with historically low gas inventories?
- To what extent will rising LNG demand in southeast Asia, India and Egypt increase competition for available supply?
- How will disrupted trade flows, Russian LNG redirection and carrier oversupply reshape global LNG freight markets?
This insight paper was created by Argus’ gas experts using data and analysis from the Argus LNG Daily and Argus Global Gas Markets service.
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As a leading authority on energy and commodity markets across the globe, Argus is uniquely positioned to provide in-depth analysis and expert thought leadership. Our white papers are carefully written by Argus specialists from across our company. Each white paper focuses on a topical theme, exploring areas such supply and demand dynamics, price trends, trading activity and changing regulations. We always aim to provide a balanced view, underpinned by data and insight gathered first hand from the market.