IEA Warns Global Gas Crunch Could Last Well into 2027

OilPrice.com · Michael Kern · 2026-11-03 16:30 UTC

The IEA says Europe enters winter with its lowest gas storage in over a decade, and the Hormuz LNG squeeze could keep markets tight well into 2027.

Germany enters winter with gas…

The United States and Turkmenistan…

The global gas market could remain tight well into next year as Europe enters the heating season with the lowest levels of gas in storage in over a decade, the International Energy Agency (IEA) said in a new report on Tuesday.

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