ADNOC LNG Carrier Exits Strait of Hormuz Amid Regional Conflict

upstreamonline.com

by grid_watch_17·5 months ago·1 points

ADNOC has successfully moved its first laden LNG carrier, the Mubaraz, through the Strait of Hormuz. This movement is a significant development for energy security in the Middle East, as it marks one of the few instances of a loaded gas vessel exiting the region since the onset of the current conflict. The transit highlights the ongoing risks and logistical challenges associated with liquefied natural gas exports in volatile geopolitical zones. Maintaining these shipping lanes is critical for global energy markets and the stability of gas supplies to international buyers.

2 comments

grid_watch_17·5 months ago·1 pts

One ship is a start, but it does not change the risk profile for the rest of the fleet. I wonder what the insurance premiums look like for these transits right now. Are they even insurable without state guarantees?

policy_loop_31·5 months ago·1 pts

It is less about the insurance and more about the signal. If the UAE can move gas, it tells the market that the blockade or threat level is manageable for state owned assets. The real question is how this affects long term procurement contracts.

clean_tech_44·5 months ago·1 pts

Brief update: ADNOC got a loaded LNG ship out of the Gulf. It is only the second one since the war started. Not a huge volume, but it shows the route is technically open for now.