BloombergNEF

The global liquefied natural gas (LNG) market is projected to face an oversupply of over 100 million tons by 2031 due to new terminals, while the US is expected to experience a gas supply deficit by 2028 as LNG exports grow rapidly. The reports highlight a reversal of recent global gas market dynamics, with the US shifting from a major supplier to a net importer.

Tom Rowlands-Rees from BloombergNEF discusses the impact of the Iran conflict on energy supply, trade flows, and market dynamics at the Bloomberg Energy Security Executive Briefing 2026 in Houston.

Global clean-energy trade reached a record $479 billion in 2025, rising 1% despite US tariffs on energy transition products. The growth is driven by shifting away from volatile fossil fuels, with countries like India and Türkiye expanding solar manufacturing hubs, though oversupply in the clean-tech sector limits export potential for the US and Europe.

The Iran war is accelerating energy-importing countries' shift away from fossil fuels toward clean energy. BloombergNEF projects global oil demand will plateau in the early 2030s while natural gas demand continues rising, with $2.3 trillion invested in clean energy in 2025, though investment would need to double to achieve net-zero emissions by 2050.

Grid battery installations surged by 48% in 2025, reaching 112 gigawatts globally, according to BloombergNEF data. These batteries store solar and other energy for later use.