• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 14 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days The United States produced more crude oil than any nation, at any time.
  • 5 days How Far Have We Really Gotten With Alternative Energy
  • 4 hours e-truck insanity
  • 4 days Bad news for e-cars keeps coming
  • 6 days China deletes leaked stats showing plunging birth rate for 2023
  • 7 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.

Qatari LNG Cargoes Change Course Amid Rising Tensions

Two Qatari LNG tankers carrying a combined 524,000 cu m of the fuel suddenly changed course in the Gulf of Aden on their way to the Suez Canal yesterday, energy intelligence data provider Kpler reported, quoted by media. The vessels, each carrying 262,000 cu m of LNG, were believed to have been bound for the UK.

There has been no information about a closing of the Suez Canal to Qatari vessels, despite Egypt severing diplomatic relations with Qatar. The CNBC quoted RBC’s commodities chief Helima Croft as saying that 13 percent of global LNG shipments go through the Suez Canal.

Later in the day, Kpler told Oilprice that the tankers were likely heading down the African coast, to go around the Cape of Good Hope. Though the two tankers are moving in different directions, it might be because the second one, Zarga, has opted to avoid dangerous Somali waters. Both cargos are set for delays, Zarga by five days and Mafyar by 10 days. Neither has given updates about its new destination.

As Kuwait and the U.S. try to defuse the crisis in the oil-rich Gulf, Qatar is standing its ground. In a news conference yesterday, the country’s Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani told media that “We have been isolated because we are successful and progressive. We are not ready to surrender, and will never be ready to surrender, the independence of our foreign policy.

The minister added that Saudi Arabia, the UAE, Bahrain, Egypt, Libya, Yemen, and the Maldives have not yet made any formal demands on the Qatari government, but cautioned that the solution to the situation had to be peaceful. The seven countries cut off diplomatic ties with Qatar on Monday, accusing it of supporting terrorism and Iran.

The accusations followed an interview with the Qatari Emir, Tamim bin Hamad Al-Thani, in which the ruler made critical remarks about Saudi Arabia and the U.S. and spoke in favor of better Arab-Iranian relations. Saudi Arabia has demanded that Doha cut its relations with Iran, the Muslim Brotherhood, and Hamas. The news site where the interview appeared later said it had been hacked, and that the remarks were “fake news,” but this has so far had no effect on developments.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Naomi on June 09 2017 said:
    Saudi aggression toward oil rich Qatar coupled with an attempt to sell off Aramco suggests the Saudi Arabian oil fields are drying up. Regardless of oil reserves the population of Saudi Arabia exceeds the carrying capacity of Saudi oil production.


    Theft is the greatest labor savings devised by man. Qatari natural gas could support the Saudi population for a hundred more years. The Saudi population is 30 million. The Qatari population is 300,000.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News