About half of the world's energy, and it has to be moved and stored.
Oil and natural gas supplied about half of the world's energy in 2025. The International Energy Agency has called 2026 the largest energy security crisis the world has faced, after conflict disrupted shipping through the Strait of Hormuz.
The response has been a search for new export routes and more storage. Supply security depends on the infrastructure between the well and the customer as much as on production.
- ~25%Of world seaborne oil trade normally passes through the Strait of Hormuz (IEA)2
- 300 bcmOf new LNG export capacity a year under construction to 2030 (IEA)3
