Key facts
- The GasLog Shanghai, a Greek LNG carrier, was struck by a projectile while exiting the Strait of Hormuz.
- All crew members aboard the GasLog Shanghai are safe and the vessel remains stable.
- This is the second incident involving a Qatar-loaded LNG tanker in the Strait of Hormuz within a month.
- QatarEnergy has extended force majeure on 24 LNG cargoes through September due to disruptions.
- The Strait of Hormuz is Qatar's sole maritime route for LNG exports.
The GasLog Shanghai, a Greek-owned liquefied natural gas (LNG) carrier, has safely exited the Strait of Hormuz following an incident where it was struck by a projectile. The vessel, which had loaded its cargo in Qatar, was leaving the strategic waterway when the attack occurred. GasLog confirmed that all crew members are safe and the tanker remains stable.
This is the second such incident involving a Qatar-loaded LNG tanker in the Strait of Hormuz within a month, following the Al Rekayyat being hit on July 7. The repeated attacks have led QatarEnergy to extend its force majeure on deliveries, impacting 24 shipments through September. This situation poses a significant setback for Qatar, the world's second-largest LNG exporter, as the Strait of Hormuz is its sole maritime route to international markets.
Security consultancies Vanguard Tech and Marisks identified the vessel as the GasLog Shanghai. The UK Maritime Trade Operations reported the incident off the coast of Oman. Experts suggest that such attacks increase the costs for shipowners, cargo traders, and insurers, potentially leading to higher insurance premiums for transiting the Strait of Hormuz. The ongoing disruptions, coupled with strong European demand for gas to refill storage ahead of winter, are considered bullish for global gas prices.