I have noticed that tensions in the liquefied natural gas market show no signs of decreasing. Analysts at the International Energy Agency are reporting that what seemed like a temporary situation could last much longer than initially expected.

The causes are now well known: geopolitical tensions that continue to complicate trade flows, recurring disruptions in supply chains, and an unstable global energy demand. The LNG market remains under pressure, and this volatility is not just a matter of prices – it is affecting the actual availability of energy in various regions.

What is striking is how this prolonged instability is creating a new uncertain balance. Those operating in the energy sector must now consider medium-term scenarios rather than expecting a quick normalization. LNG will likely continue to be a critical and contested resource in the coming months, with significant implications for global energy prices.