JUNE 2026
A peace agreement between the US and Iran signaling an end to the war, prompting greater vessel traffic through the Strait of Hormuz was the dominant factor affecting markets in June 2026. A few other factors including inventory level management and weather in key importing regions are also impacting LNG demand. Please note, the forecasts have been extended through 2028. Europe has seen the largest decline in imports in 2Q 2026 over 1Q 2026 when the war in Iran disrupted LNG supply. European LNG imports are forecast to increase in 3Q and 4Q 2026 on the need to refill storage levels, and increased winter demand, but a sustained heatwave in Asia, and the El Nino’s warmer weather pattern may limit Europe’s rush to import more LNG over that period. Conversely, LNG imports for Southeast Asia increased by 1 MMt in 2Q 2026 to 8.7 MMt compared to 1Q 2026, showing the highest q-o-q growth.
Complete the form below to download the full article from Poten’s LNG Market Outlook, which includes market forecasts and additional analysis.