Poll results: Iran war resets LNG market risk perceptions

The Iran war has reset risk perceptions in LNG markets.

Oil & Gas Journal took an informal poll to gauge readers’ thoughts on which of five possible outcomes concerned them the most.

The poll was shared on OGJ.com, across the brand’s social media channels, as well as the OGJ Daily e-newsletter May 11-31.

Here are a few highlights.

LNG market risk perceptions

Of those that responded, 24% said new LNG projects facing higher financing costs due to geopolitical risk was most concerning. An equal percentage (24%) said the main worry was supply chain fragmentation. Nineteen percent have no new concerns and think the market will stabilize and return to pre-conflict dynamics.

A smaller percentage (17%) are most concerned about accelerated investment in alternative energy sources reducing long-term LNG demand. Sixteen percent are most concerned about the spot market becoming less reliable for flexible sourcing.

Who responded

Corporate management professionals represented the largest share of respondents (47%), followed by professionals in engineering/technical/geoscience roles (20%) and those working in purchasing/consulting (20%). Those in CTO, CIO and other technical executive roles made up 7% of respondents. Another 7% chose the “Other” category.

The majority of participants noted their involvement with a consulting company (60%) or an engineering/construction company (13%). Another 7% reported their involvement in an independent, state-owned, or integrated oil and gas company.

Where respondents work

Most participants were based in the United States (73%). Participants in Japan made up 13% of total respondents. Of those based in the US, 45% were based in Texas, while 18% were based in California.