Global gas markets after the Hormuz shock

AI Summary

The Middle East conflict and the disruption of shipping in the Strait of Hormuz have caused significant effects on global gas markets, particularly impacting LNG trade from Qatar and the United States. Approximately 20% of global LNG trade transits this strategic chokepoint.

The conflict in the Middle East and the disruption of shipping through the Strait of Hormuz have sent shockwaves through global gas markets. Before the war, around a fifth of global liquefied natural gas (LNG) trade transited through the strait, largely from Qatar, the world’s second-largest LNG exporter after the United States. The first Iranian ...