The temporary loss of major Gulf LNG volumes sent gas prices sharply higher. Power systems able to switch fuels, store energy and shift demand handled the shock better.
Solar generation is set for another record increase, but panels alone cannot solve evening peaks or connection delays. The next value pool is flexibility and networks.
The IEA expects global electricity use to grow 3.6% in 2026 and 3.8% in 2027. Cooling, industry, EVs and data centers are turning power capacity into an economic constraint.
Crude shipments through the Gulf have recovered sharply, yet refineries and fuel supply remain constrained. That gap explains why cheaper oil may not quickly reach consumers.
Tighter LNG supply is reducing gas demand, but the deeper risk runs through electricity, industry, fertilizer and food prices. Energy security is becoming economic security.
