Duration of Strait of Hormuz crisis 'critical' for global gas market: IGU

The duration of the current disruption to LNG supply via the Strait of Hormuz will be “critical” to the global gas market, the International Gas Union said in its latest annual gas pricing survey published May 20. In the closely watched report, the IGU said the curtailment of Qatari and UAE LNG capacity due to the Strait of Hormuz crisis had “dramatically” altered the outlook for global balances.The duration of the current disruption to LNG supply via the Strait of Hormuz will be “critical” to the global gas market, the International Gas Union said in its latest annual gas pricing survey published May 20. In the closely watched report, the IGU said the curtailment of Qatari and UAE LNG capacity due to the Strait of Hormuz crisis had “dramatically” altered the outlook for global balances.Read More