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After the Closure of the Strait of Hormuz.. These are the Scenarios for the Global Gas Market

March 1, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
After the Closure of the Strait of Hormuz.. These are the Scenarios for the Global Gas Market

Bloomberg warned that the widening conflict in the Middle East signals the largest disruption in global gas markets since the Russian invasion of Ukraine in 2022, amid a near-total disruption of liquefied natural gas movement through the Strait of Hormuz, which accounts for about 20% of global LNG exports, threatening a sharp rise in prices, especially in Asia. According to Bloomberg, ship tracking data showed that at least 11 LNG carriers heading to or coming from Qatar stopped to avoid passing through the strait, while Asian buyers continued to communicate with suppliers in the Middle East to check on the availability of alternative shipments in anticipation of any long-term disruption. Read the full content on الشروق أونلاين

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