Shell Warns: LNG Supply May Shrink If Strait of Hormuz Stays Blocked
📡 Barrons · 1 min read ·
Part of composite article Oil Flows Hit 10 Million Barrels a Day as Saudi Arabia Restarts Hormuz Exports After 3-Month Halt View full article →
Continued disruption in the Strait of Hormuz could cause a rare drop in global LNG supply this year, Shell has warned. The energy giant said that if the crisis persists, the market may see an annual contraction—an unusual event for the sector. However, Shell expects supply to grow again by 2027.