Qatar pauses LNG shipments at Strait of Hormuz – ING
|Tensions in the Middle East continued to disrupt energy logistics as Qatar instructed LNG vessels to delay entering the Strait of Hormuz, ING's commodity experts Ewa Manthey and Warren Patterson note.
Global LNG market is at risk
"On Tuesday, Qatar asked LNG vessels to wait outside the Strait until they were ready to load amid the escalating tensions. Qatar is the third-largest exporter of LNG, making up around 20% of global trade. And all this supply must move through the Strait."
"The global LNG market is balanced now, but any disruptions would push it into deficit and increase competition between Asian and European buyers."
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