April 22, 2026 4:54 PM
Iran war conflict could create systemic gas demand destruction, says top sector official
The natural gas demand destruction currently resulting from the Iran war, as governments implement measures to mitigate the crisis, risks becoming structural if the conflict persists, the head of the Gas Exporting Countries Forum said on Wednesday. Since the Middle East crisis began at the end of February, more than 500 million barrels of crude and condensate have been knocked out of the global market, according to Kpler data - the largest energy supply disruption in modern history. Countries ...