In a recent article, Bloomberg columnist Javier Blas highlighted the potential challenges facing the global liquefied natural gas (LNG) market, including an impending surplus of supplies and a decline in prices. He noted that if the ongoing negotiations between the United States and Iran yield a successful deal and if traffic through the Hormuz Strait remains partially obstructed, LNG prices could begin to decrease significantly and stabilize at lower levels for an extended period. Blas pointed to a third wave of LNG plant capacity expansion scheduled for 2026-2030, which could see the total capacity of planned LNG projects reach 700 billion cubic meters per year. This expansion, while potentially delayed by up to 18 months, is expected to more than double current production levels of 600 billion cubic meters. However, Blas raised concerns about whether demand could keep pace with this increased supply, particularly at prewar price levels, suggesting that LNG costs would need to fall further to stimulate greater consumption.