LNG Tankers Push Through Hormuz Again as Qatar, UAE Fight Supply Crunch

AI Summary

Several LNG tankers have recently transited the Strait of Hormuz and conducted ship-to-ship transfers offshore Oman, indicating increased LNG export activity from Qatar and the UAE amid a supply crunch. This signals intensified efforts to maintain LNG shipments through this critical chokepoint after a previous near-total halt.

At least two LNG carriers have transited the Strait of Hormuz so far this week, while two others were detected to have engaged in ship-to-ship transfers outside the Strait offshore Oman, tanker-tracking and satellite data compiled by Bloomberg showed on Friday. The uptick in LNG cargoes managing to exit the Strait of Hormuz signals that the LNG exporters in the Persian Gulf, mostly Qatar and the United Arab Emirates (UAE), are intensifying efforts to have LNG supply push through the chokepoint after months of near-total halt of shipments. While…