Qatar LNG Tankers Abandon Passage Through Strait of Hormuz Amid Ongoing Conflict
Qatar LNG tankers turn back after failed attempt to pass through Hormuz
Business Standard
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Two liquefied natural gas (LNG) tankers from Qatar, Al Daayen and Rasheeda, have turned back from the Strait of Hormuz after failing to pass through, delaying exports to global markets. This disruption comes as Iran restricts transit through the vital waterway due to ongoing US and Israeli strikes, impacting around 20% of the world's LNG supply.
- 01Two Qatari LNG tankers abandoned their attempt to pass through the Strait of Hormuz.
- 02No loaded LNG tankers have successfully navigated the strait since late February.
- 03The closure of the waterway is disrupting about 20% of global LNG supply.
- 04Qatar has been unable to export LNG to buyers outside the region due to the conflict.
- 05Iran has allowed some vessels associated with countries friendly to the US to pass through.
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Two tankers, Al Daayen and Rasheeda, carrying liquefied natural gas (LNG) from Qatar, have reversed course after attempting to navigate the Strait of Hormuz, a critical chokepoint for global energy supplies. This marks a significant delay in Qatar's LNG exports to international buyers, particularly as no loaded tankers have successfully passed through the strait since the escalation of US and Israeli military actions against Iran in late February. The effective closure of this waterway has severely impacted energy flows, disrupting approximately 20% of the world's LNG supply. Qatar, which accounted for nearly a fifth of global LNG exports last year, is facing challenges as its Ras Laffan export plant remains shut down due to Iranian attacks. While Qatar has managed to deliver two LNG shipments to Kuwait recently, these did not require transit through Hormuz, indicating the strain on its export capabilities. Tracking vessel movements in the region is complicated by potential electronic interference and the disabling of transponders by pilots navigating through high-risk areas. Iran has restricted transit through the strait for Qatar-linked vessels but has permitted ships associated with countries perceived as allies of the US to pass.
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The failure of the tankers to pass through Hormuz could lead to increased energy prices globally and affect supply stability, particularly for countries reliant on Qatari LNG.
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