Qatar Assembles Gas Carriers for Gulf Exports
Qatar is moving to boost its liquefied natural gas exports through the Strait of Hormuz, having assembled a fleet of at least 12 empty gas carriers owned or leased by QatarEnergy, waiting in nearby waters. This suggests a potential increase in shipments through the strait, aimed at raising the supply of gas and reducing global prices, which have reached their highest levels since 2022, especially in Europe and Asia. Consequently, the transit of carriers through the Hormuz has surged to its highest level since the Iranian war began in February 2023, although it remains 75% below pre-war levels. This reflects Qatar’s efforts to meet demand as winter approaches and as the crisis’s impacts continue to influence global gas markets.
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