ADNOC Keeps Loading LNG as Hormuz Risks Intensify
Emirati ADNOC is still loading liquefied natural gas in the Persian Gulf despite the latest exchange of strikes between the United States and Iran, Bloomberg has reported, citing satellite imaging data. The data showed one tanker docked at ADNOC’s Das Island export terminal on September 2, with anot
Source: OilPrice.com
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DW NOTE
ADNOC is loading LNG cargoes while the Strait of Hormuz remains 188 days into a blockade that has stranded 2,000 ships and cut global oil supply by 8 mb/d. That's not risk management — it's a bet that the southern corridor stays open long enough to get paid, with someone else's cargo as the stake.