Iran war adds $39 billion to global LNG import bill

· Oil & Gas

The Middle East conflict has disrupted global energy flows and pushed more buyers into the spot market to replace lost volumes. Rystad Energy estimates that global LNG importers will spend at least $39 billion more on contracted and spot supply, according to the report. The disruption follows the months-long closure of the Strait of Hormuz, which has since reopened but whose effects are expected to be felt for years. Countries are rethinking supply routes and strengthening energy security, and Asia in particular faces trillions of dollars of investment needs in coming years to avoid the next energy shock as demand is projected to grow.

Why it matters：Higher LNG costs feed directly into power and industrial prices, and the shift toward spot purchases and supply-route diversification signals a durable reordering of global gas trade rather than a temporary spike.

Key points

  • Rystad Energy puts the added cost at least $39 billion for importers
  • Buyers are increasingly turning to the spot market to replace disrupted volumes
  • The Strait of Hormuz closure lasted months and its effects are expected to linger

Sources (original reporting)

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