Financial Ports

LNG trade chaos as Hormuz blockade chokes Qatar’s 12.8m-tonne output

CLAVE 1 / 4Five LNG carriers transited Hormuz last week, down from a 12-vessel average, with only two laden outbound.

CLAVE 2 / 4Qatar’s Ras Laffan loaded 400,000 tonnes across five cargoes, a fraction of pre-crisis volumes.

CLAVE 3 / 4Italy’s Edison received force majeure notices for 35 Qatari cargoes, equivalent to 4.6bn cubic metres of gas.

CLAVE 4 / 4European gas storage stands at 74.6%, nearly 15 points below the five-year seasonal average.

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