Financial Ports

Qatar LNG Tanker Breaks Hormuz Blockade: What It Means for Gas Prices

CLAVE 1 / 4The Al Marrouna is the first Qatari LNG tanker to sail through the Strait of Hormuz since late July, when attacks halted exports.

CLAVE 2 / 4Qatar accounted for one-fifth of global LNG exports before the conflict, making its supply critical for Asian and European markets.

CLAVE 3 / 4LNG ship-to-ship transfers in the region now cost over $1 million each and add up to 35 hours to voyages, pushing prices higher.

CLAVE 4 / 4Asian spot LNG prices have more than doubled since the blockade, reaching $23.20 per mmBtu—a five-month high.

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