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ARTICLE · 21 JULY 2026

Pricing The New LNG Uncertainty

Middle Eastern sovereign capital has dominated global energy markets for decades through low-cost LNG assets, but unprecedented disruptions in 2026 have fundamentally altered the risk landscape.

United Arab EmiratesEnergy and Natural Resources
Shane  Malone
Shane Malone
Irfan Bidiwala
Irfan Bidiwala
Devesh  Pathak
Devesh Pathak
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Over the past four decades, Middle Eastern sovereign capital has held one of the most profitable positions in global energy. Middle East LNG remains the lowest-cost, most cash-generative asset in global energy markets, but it is now exposed to new levels of risk and uncertainty. The disruption to energy flows seen in 2026 has repriced risks that have always existed, but now carry greater consequence and relevance. The response is neither to defend the LNG franchise.

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