in General Energy News 06/06/2026 We hosted Wood Mackenzie’s fourth annual Gas and LNG Conference in London over two days earlier this week. Discussions with our senior guests raised numerous talking points, indicating what the wider industry is thinking at this critical juncture. Here are our 10 takeaways: The crisis, complacency and the risk of higher near-term prices. We found no consensus on when the crisis in the Gulf will be resolved. Prices will remain elevated come what may for the next 18 months, with the absence of damaged Qatari capacity and delays on projects under construction keeping the market tight. However, there is a sense of complacency subduing prices today below where they should be on the assumption that exports will resume soon. If they don’t, then upward price pressure will intensify as winter 2026/27 looms. Positive vibe for the medium term. There was near unanimity that LNG will remain central to the global energy mix beyond the crisis. Wood Mackenzie’s forecast that demand will grow by almost 60% by 2035 – up to 690 Mtpa – assuming a swift resolution of the conflict didn’t attract any pushback from guests. Suppliers were less enthused by our ‘extended disruption’ scenario, with demand growth of 45%. The positive vibe reflects LNG’s proven adaptability, having flourished after the Covid and Russia/Ukraine crises. Following the current crisis, the industry’s focus will be on building resilience to withstand future disruption. The supply chain has to shift from ‘just in time’ to ‘just in case’ – meaning more supply diversity and flexibility, more storage, more shipping capacity and, inevitably, more cost. Oversupply and the importance of affordability. The arrival of 250 Mtpa of new capacity coming onstream over the next five years will usher in a period of oversupply and lower prices. Affordability was a key theme for discussion, essential if demand growth in suppliers’ target markets – developing countries such as India – is to be real