Qatar's LNG Exports Hit by Second Strait of Hormuz Attack
A second tanker carrying liquefied natural gas (LNG) from Qatar has been struck in the Strait of Hormuz, just weeks after a similar incident. The GasLog Shanghai was attacked with a projectile off the coast of Oman, but all crew members are safe and accounted for.
The ship loaded its cargo in Qatar last Monday and was heading out of the strait when it stopped transmitting its position on Friday. It remains unclear who owned the LNG on board.
This incident is a significant setback for Qatar's LNG exports, which account for approximately 77 million tonnes per year. Almost all of this volume passes through the Strait of Hormuz, and the latest attack has sparked concerns about insurance premiums and shipping costs.
Jean-Christian Heintz, managing director of Wideangle LNG, said that 'this is a blow to Qatar's perseverance in mitigating the effects of the crisis.' The risk assessment for ships carrying LNG from Qatar may not differ whether they are owned by the company or third-party carriers, he noted.