LNG

Shell estimates the war involving Iran has removed 36 mtpa shortfall of LNG supply from the Middle East, President for Integrated Gas Cedric Cremers said at Gastech, while Oman sought to downplay shipping disruptions through the Strait of Hormuz as “temporary.” Around 20 mtpa of the lost supply had been offset by new production, predominantly from North America – implying there is still a 16 mtpa gap in the global LNG markets.