Tensions within the Center East continued to disrupt power logistics as Qatar instructed LNG vessels to delay getting into the Strait of Hormuz, ING’s commodity specialists Ewa Manthey and Warren Patterson notice.
International LNG market is in danger
“On Tuesday, Qatar requested LNG vessels to attend exterior the Strait till they had been able to load amid the escalating tensions. Qatar is the third-largest exporter of LNG, making up round 20% of world commerce. And all this provide should transfer via the Strait.”
“The worldwide LNG market is balanced now, however any disruptions would push it into deficit and enhance competitors between Asian and European patrons.”
