LNG at risk if Hormuz blocked

Much media attention has been given to Iran's ongoing threats to close the Strait of Hormuz, and a blockade's potential consequences to global oil supply. But oil is not the only commodity at stake. "The stark reality is that global LNG supply is at much greater risk than global oil supply," analyst Pavel Molchanov of Raymond James & Associates in Houston noted in an industry brief last month. More than 25% of the global LNG supply passes through the strait. Qatar is the world's leading LNG producer with a market share near 25% and the UAE is estimated to have a 3% share, according to the BP Statistical Review of World Energy 2011. Researchers with Chatham House of London be...

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