The conflict in Iran will continue to disrupt energy markets beyond the current short-term impacts, the International Energy Agency says in a new report, external, published today.
“Beyond the immediate disruption,” the IEA says, “the crisis is expected to have implications for the medium-term outlook.”
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This due to shipping blockades at the Strait of Hormuz creating “unprecedented uncertainty” and damage to liquefied natural gas infrastructure in Qatar affecting supply.
Before the outbreak of the conflict the IEA had expected a wave of new LNG supply, which has now been pushed back.
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