Qatari LNG Disruptions Expected to Continue Amid Strait of Hormuz Blockages

Jera's chairman and global CEO Yukio Kani expects disruptions in Qatari liquefied natural gas (LNG) supplies to continue for a while. The reason behind this expectation is the ongoing disruptions in the Strait of Hormuz, which have affected the movement of LNG cargoes.

The absence of Qatari LNG has led to increased competition between Europe and Asia for alternative LNG supplies from the US and other sources. This has resulted in spot prices doubling compared to last year's same period.

Kpler reports that LNG volumes passing through the Strait of Hormuz rose in September, but still remain 80% lower than February's levels. Qatar has extended force majeure for supplies to long-term customers in Asia until November and in Europe until December.