The liquefied natural gas market will face long-term pains.

According to the report of the "Nikkei Economic News" on April 4th, the actual blockade of the Strait of Hormuz is causing a risk of gas shortage in the supply of liquefied natural gas, coupled with damage to production facilities in Qatar, the supply and demand prospects for liquefied natural gas are facing severe fluctuations. Futures prices show that gas prices may continue to remain high around 2028. The US-Iran war has been going on for over a month. The strategically important Strait of Hormuz is still blocked, and supply of liquefied natural gas from Qatar and the United Arab Emirates is still interrupted. The supply from these two countries accounts for about 20% of the global supply. Even if the strait reopens, supply and demand issues still exist. This is because as the second largest supplier of liquefied natural gas in the world, Qatar's facilities have been significantly reduced in supply capacity due to retaliatory attacks by Iran.