Qatari, UAE LNG cargoes transferred via ship-to-ship outside Strait of Hormuz
XLE•Regional disruptions have lifted Asian LNG prices
Iran has largely shut the Strait of Hormuz during the six-month conflict, disrupting energy supplies, driving up prices and fuelling wider inflation concerns.
LNG exports from the region have fallen since the conflict's start, helping to push Asian spot LNG prices to a five-month high of $23.20 per million British thermal units (mmBtu), more than double the pre-conflict levels.
Three LNG STS transfers reported outside the Strait of Hormuz
Three liquefied natural gas cargoes loaded in Qatar and the United Arab Emirates have been transferred between ships outside the Strait of Hormuz in recent weeks for delivery to India and Japan, according to ship-tracking firms.
Several commercial vessels have faced attacks amid heightened tensions in the Strait of Hormuz — a key shipping route — since the U.S. and Israeli war on Iran broke out on February 28.
