8 Empty LNG Tankers Gather Off Qatar's Ras Laffan as Exports Edge Higher
Updated
Updated · Bloomberg · Jun 26
8 Empty LNG Tankers Gather Off Qatar's Ras Laffan as Exports Edge Higher
2 articles · Updated · Bloomberg · Jun 26
Summary
At least eight empty LNG tankers have assembled outside Qatar’s Ras Laffan export hub, with another vessel in the Persian Gulf heading to the plant.
Most of those ships transited the Strait of Hormuz over the past week, and two more Qatar-linked tankers are nearing the waterway’s eastern entrance, according to ship-tracking data compiled by Bloomberg.
The buildup comes as Qatar moves to raise LNG production quickly after early progress in US-Iran peace talks eased immediate concerns around Gulf shipping and exports.
Ras Laffan is Qatar’s main LNG loading complex, so the queue signals the producer is trying to push more cargoes into the market as regional tensions show signs of easing.