Hormuz’s next chapter is about gas, not just oil

(By Oil & Gas 360) – The reopening of the Strait of Hormuz has brought a measure of relief to global energy markets. Tankers are once again moving through the world's most important energy corridor, crude prices have retreated from their wartime highs, and traders have become increasingly optimistic that the worst of the disruption may be over.

That optimism is understandable, but it may also be premature.

The market is beginning to discover that reopening a shipping lane is not the same as restoring confidence. The physical flow of oil and liquefied natural gas may be improving, but the risk premium created by months of disruption is likely to remain embedded throughout global energy markets long after the headlines fade.

That matters because Hormuz is not simply an oil chokepoint. It is one of the world's most important natural gas corridors.

Roughly one-fifth of globally traded LNG passes through the Strait, with Qatar, the world's second-largest LNG exporter, relying almost entirely on the Strait of Hormuz to reach customers in Asia and Europe. The United Arab Emirates also exports LNG through the corridor, while neighboring producers depend on the same maritime infrastruct

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/hormuz-next-chapter-gas-not-213027712.html)