After a record year for liquefied gas trade in 2025, most forecasts for the new year were upbeat, save for a worry about a possible glut. Two weeks into 2026, however, and one of the biggest markets for liquefied gas is in a geopolitical dispute with its biggest supplier and has put a major energy trade deal on hold. This year is early on turning out to be an anything-can-happen one. The European Union this week put its trade deal with the Trump administration on hold, stopping short of triggering what it calls the “bazooka” of a mechanism…