LNG Market Faces Extended Hormuz Outage, Japanese Shipper Says

AI Summary

Mitsui OSK Lines Ltd., a major Japanese shipping company, announced that LNG shipments through the Strait of Hormuz are expected to remain disrupted for an extended period. The ongoing outage is likely to keep LNG prices high and reduce demand across Asia.

Mitsui OSK Lines Ltd., a top Japanese shipping firm, doesn’t expect LNG shipments through the Strait of Hormuz to resume soon, signaling a prolonged disruption that could keep prices elevated and curb demand across Asia.