A major trend in the global energy landscape today is the ongoing recalibration of supply chains, driven by shifting geopolitical dynamics. Nations are increasingly recognizing that energy security extends beyond basic supply and demand; it is intrinsically linked to political stability, international relations and economic resilience.
Recent conflicts near major oil and gas producers have exposed vulnerabilities in existing supply chains, prompting urgent reassessments of national energy strategies. The Strait of Hormuz, for example, through which 20% of global oil and a significant share of LNG flows, has once again become a flashpoint. Iranian threats to disrupt this 33-kilometre chokepoint sent freight rates soaring 55% month-on-month, disproportionately impacting price-sensitive South Asian economies such as Pakistan and Bangladesh. Though a temporary ceasefire has provided some relief, it underscores the need for diversified, resilient energy sources.
Liquefied natural gas (LNG) has emerged as a critical buffer in this new energy equation, offering both security and flexibility. It enables rapid response to supply shocks and supports energy transitions by displacing more carbon-intensive fuels like coal. In regions such as South Asia and South-East Asia, home to fast-growing populations and rising energy demands, LNG is playing an increasingly central role.
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