Global gas and LNG markets are reeling from the Middle East conflict. Strikes on Qatar's LNG infrastructure have triggered a supply shock felt most acutely across Asia, while Europe remains insulated for now but faces a difficult winter ahead. US exports are filling part of the gap, but structural damage to Qatari capacity means elevated prices and tight balances will persist well into the 2030s.

Our Gas & LNG Market Outlook April 2026 examines the deepening impact of Middle East hostilities on global gas and LNG markets, and what it means for prices, trade flows and long-term strategy.

This whitepaper is a condensed version of Rystad Energy’s Gas & LNG Market Outlook April 2026. The full report is available to clients via the Client Portal. If you are not yet a client but would like to explore the findings in more detail connect with one of our experts for a discussion.