Strait of Hormuz disruptions would reignite competition between Asia and Europe for LNG cargoes, according to Wood Mackenzie. This scenario highlights how geopolitical tensions in key energy chokepoints could reshape global liquefied natural gas markets.

The analysis suggests that any interruption to flows through this critical waterway would force major importers like Japan, South Korea, and China to compete with European buyers such as the United Kingdom and Spain for limited available cargoes. Wood Mackenzie emphasizes this could lead to higher prices and strategic shifts in long-term supply contracts. The rivalry underscores the vulnerability of global LNG supply chains and the geopolitical risks facing energy security.