PremiumIran's Attack On Qatar's LNG Plant Is Bad; The Math Behind The Global LNG Fleet Is Far Worse
One week ago, when global oil and gas prices were well below where they are today, we warned that the global energy situation was "dire" as "Half Of Available Global LNG Tankers Are Trapped In The Persian Gulf." The math was stark: at least 20 LNG carriers or about half the available global fleet, were trapped in the Persian Gulf, with daily freight costs soaring as demand from Asia surges and yet no matter the charter rate, there simply was no way to cross the blockaded Strait of Hormuz.
