Qatar Recalls 8 LNG Tankers to Restore About 20% of Global Supply
Updated
Updated · Bloomberg · Jun 22
Qatar Recalls 8 LNG Tankers to Restore About 20% of Global Supply
3 articles · Updated · Bloomberg · Jun 22
Summary
Three LNG tankers owned by Qatar’s state shipping arm are nearing the eastern entrance to the Strait of Hormuz, with another five linked vessels near eastern Oman.
Several more empty ships are also heading back as Qatar tries to reposition carriers quickly enough to lift LNG exports.
The push matters because Qatar is seeking to bring back roughly a fifth of global LNG supply, making tanker availability a key constraint on export recovery.