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Shell forecasts flat LNG trade in 2026 as Strait of Hormuz conflict chokes supply
Shell forecasts that global LNG trade will be flat year-on-year in 2026, ending more than a decade of uninterrupted growth. The company cites the Middle East conflict, which is choking supply through the Strait of Hormuz, as the key reason. The shift marks a significant change of trend for global energy markets.
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