The World’s Energy Safety Net Is Buckling

Wall Street Journal: “For decades, liquefied natural gas acted as the global economy’s reliable escape valve during energy crises, keeping factories humming and homes warm.”

“Now, LNG has become the battlefield itself.”

“The war in Iran has fractured every node of the regional LNG supply chain… Even if the Trump administration and Iran agree to end the war soon, the consequences for the LNG market will be long-lasting—and even more profound than for oil, experts say.”

“Unlike crude, the world has no major strategic gas reserve to tap in an emergency.”