LNG Tankers Exit Hormuz for India Amid Ongoing Conflict The Hormuz Strait has long been a critical waterway in international shipping, connecting major oil and gas producers to global markets.
For the first time since the war began, a liquefied natural gas (LNG) tanker has exited the Hormuz Strait bound for India. What is LNG and why is it important?
Natural Gas Liquids, or LNG, accounts for roughly 20% of total global gas production and is used as fuel in power generation, industrial processes, and transportation.