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Markets & Forecasts

LNG trade takes a hit as Gulf tensions rise

LNG suppliers are taking a cautious approach to exports via chokepoints in the Middle East, but further escalation in geopolitical tensions could significantly hit trade LNG suppliers are taking a cautious approach to exports via chokepoints in the Middle East, but further escalation in geopolitical tensions could significantly hit trade.
By Abhishek Kumar 10 January 2020 Middle East & Africa / LNG 0 34921
The Meridian Spirit loading a cargo for India's Gail at Sabine Pass LNG. (Cheniere)

Directional impact on forecast:
Downbeat on LNG flows via Middle East chokepoints.

LNG trade chokepoints in the Middle East will be in focus over the coming months. The ramifications of rising geopolitical tensions between Iran and the United States have already been evident in LNG trade, but the killing of Iranian Major General Qasem Soleimani in a targeted US drone strike in early January has raised the stakes considerably. The US has curtailed LNG trading via the Strait of Hormuz and the Bab-el-Mandeb...