Qatar signals LNG export restart as ship clears Strait of Hormuz
A ship carrying liquefied natural gas (LNG) from Qatar has passed through the Strait of Hormuz and exited the Persian Gulf, according to confirmations. The resumption of Qatar’s LNG exports, which were suspended after a tanker was struck in late July, is being raised as a possibility. On the 7th (local time), Bloomberg reported that ...
A liquefied natural gas (LNG) ship from Qatar recently passed through the Strait of Hormuz, signaling the potential resumption of the country's LNG exports after a suspension. The Al Maruna, which loaded LNG in Qatar earlier this month, is currently navigating the Gulf of Oman on its way to Pakistan's Port Qasim, arriving on October 10th.
Other Qatari carriers without LNG cargo have also returned to the Persian Gulf in recent weeks, according to Bloomberg. This move has led analysts to conclude that Qatar might restart its LNG exports via the Strait of Hormuz. Prior to the attack on Qatar's LNG carrier in late July, the country contributed around one-fifth of global LNG exports.
The Iran-Iraq war in February had previously blocked passage through the strait. Although Iran reportedly agreed to collaborate with Oman to regulate vessel traffic in the Strait of Hormuz, doubts persist about whether the agreement will strengthen Iran's control over the strait and provoke a U.S. response. In response to supply concerns, Qatar extended the "force majeure" clause in LNG supply contracts through October. Elevated LNG prices persist as a result of ongoing supply disruption worries.
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