Implications for the Global LNG and Gas Markets

This session will examine how the Middle East crisis has evolved from a geopolitical shock into a structural test for global LNG and gas markets. With a critical export corridor disrupted, market participants are being forced to reassess supply security, regional exposure, and the durability of current pricing assumptions. The discussion will separate what matters now from what could reshape the market for years to come. 

Join S&P Global experts to examine how disruption across critical LNG supply routes is impacting price dynamics, volatility and regional market behavior—and what it could mean for portfolios, risk exposure and investment decisions.

Geopolitical drivers and resolution pathways: What matters for market stability

• Potential pathways to de-escalation and market stabilization
• Scenarios for Strait of Hormuz reopening and implications for LNG trade flows
• Postwar regional dynamics and their impact on global LNG markets

Short-term pricing and market response: Interpreting current signals

• Asia vs. Europe reaction to reduced Gulf LNG supply
• Key drivers behind the moderate price response
• Near-term scenarios and implications for JKM/TTF price outlooks

Long-term implications: Supply, demand and pricing in a more risk-sensitive market

• Shifting supply outlook and implications for new LNG investments (FIDs)
• Energy security as a driver of LNG demand
• Long-term pricing implications in a more risk-sensitive market

This session will help you understand:

• How LNG price benchmarks (TTF, JKM, Henry Hub) may respond under different disruption scenarios
• Where market volatility and risk are building, and what signals matter most
• How supply disruption could translate into pricing, inflation and cross-market impacts
• How geopolitical drivers and escalation pathways could shape regional dynamics, including diverging impacts across Asia, Europe and the US
• What near-term developments vs long-term structural shifts mean for market positioning

The session is designed to help market participants assess how evolving disruption scenarios could influence pricing assumptions, portfolio exposure and risk management strategies.

Speakers

Emily O'Flaherty (Moderator)

Senior Director, Product Management
S&P Global Market Intelligence

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Laurent Ruseckas

Executive Director, Global Gas, Geopolitics & Finance
S&P Global Energy

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