New Delhi, Nov. 7 -- Global natural gas supplies could tighten further during the 2026-27 winter heating season, as disruptions to trade flows through the Strait of Hormuz pose an unprecedented supply shock to the global liquefied natural gas (LNG) market, according to a report by the International Energy Agency (IEA).

The report noted that LNG loadings from Qatar and the United Arab Emirates declined by 60 billion cubic metres (bcm) year-on-year during March-October 2026, resulting in a 5 per cent, or 20 bcm, decline in global LNG output, as additional supplies from new projects only partially compensated for reduced deliveries from the Persian Gulf.

With transit through the Strait of Hormuz remaining severely restricted in late Octobe...