Key facts
- Global LNG importers will spend at least $39 billion more in 2026 due to Middle East conflict.
- Total LNG portfolio costs are projected to reach $256 billion, an 18% increase.
- Europe's LNG bill is expected to rise by at least $12 billion, or 18%, despite reduced demand.
- East Asia faces the smallest relative increase in LNG costs at 9.7%.
The Middle East conflict has significantly impacted global energy flows, leading to increased costs for LNG imports. Rystad Energy projects that global LNG importers will spend at least $39 billion more in 2026, despite purchasing 60.7 million tonnes less, as disruptions force buyers to turn to the spot market. Total portfolio costs are expected to reach $256 billion, an 18% rise from pre-war estimates. Europe is particularly affected, facing an increase of at least $12 billion in its LNG bill, even with reduced demand, due to its heavy reliance on spot purchases. East Asia is better positioned due to a more diversified contract portfolio and lower demand, resulting in a smaller relative cost increase.