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Markets & Forecasts

Gulf LNG trade hinging on geopolitics

LNG trading in the Gulf is at stake as geopolitical tensions ratchet up near the Strait of Hormuz LNG trading in the Gulf is at stake as geopolitical tensions ratchet up near the Strait of Hormuz.
By Abhishek Kumar 24 July 2019 Middle East & Africa / Supply & Demand 0 34424
A Qatargas LNG vessel. (Qatargas)

Directional impact on forecast:
Downbeat for LNG trade in the Gulf

Geopolitics are at risk of severely disrupting LNG trade in the Gulf as tensions are rising near the Strait of Hormuz. Iran’s relations with the United States and the UK are becoming more strained by the day, which could see Iran increasing retaliation against oil tankers, and even LNG cargoes, passing through the strait. While geopolitics have shaped LNG trade patterns in the Gulf in the past, too much is at stake...