First Qatar LNG Tankers Attempt Exit Through Strait of Hormuz Amid Conflict
Iran war: Ships with Qatar LNG attempt first Hormuz exit since conflict started
The Economic TimesImage: The Economic Times
Two tankers carrying liquefied natural gas (LNG) from Qatar are moving towards the Strait of Hormuz, marking the first attempt to export LNG since the onset of the Iran conflict. This development could alleviate some energy supply disruptions caused by the ongoing war, which has significantly impacted global LNG supplies.
- 01Two tankers, Al Daayen and Rasheeda, are heading towards the Strait of Hormuz.
- 02This is the first LNG export attempt since the conflict escalated.
- 03The closure of Hormuz has disrupted about 20% of the world's LNG supply.
- 04Qatar's Ras Laffan export plant has been shut down due to Iranian attacks.
- 05Iran has restricted transit through Hormuz while allowing passage for approved vessels.
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Two tankers, Al Daayen and Rasheeda, loaded with liquefied natural gas (LNG) from Qatar, are making their way towards the Strait of Hormuz, potentially marking the first LNG export since the conflict escalated. The vessels, which loaded LNG in late February, are heading eastward towards Oman, as the Strait has been largely closed to shipping due to the ongoing war. This closure has severely impacted global energy supplies, cutting off about 20% of the world's LNG. Despite recent attempts, no loaded LNG tankers have successfully passed through Hormuz since the US and Israel began strikes on Iran. The situation is complicated by electronic interference and the intentional disabling of transponders by vessels navigating risky waters. Qatar, which supplied nearly a fifth of the world's LNG last year, has faced challenges as its Ras Laffan export plant remains shut down due to Iranian attacks. The potential passage of these tankers could help Qatar resume its exports, alleviating some of the energy supply disruptions caused by the conflict.
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If these tankers successfully pass through the Strait, it could help stabilize global LNG prices and supply, benefiting energy markets worldwide.
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