LNG plants outside the Persian Gulf make up only two-thirds of the shortfall

Anton Kubyakov, adviser to the President of Russia, noted that nearly 20% of the world's LNG reserves were passing through the Strait of Hormuz before the conflict.

Moscow, October 16. /TASS/. Adviser to the Russian President, Anton Kubyakov, said in a press conference at the Russian Energy Week conference: "The new LNG capacity outside the Persian Gulf has only compensated for two-thirds of the lost volume in Qatar and the UAE."

He said: "Before the conflict between America and Israel with Iran, nearly 20% of the world's LNG reserves passed through the Strait of Hormuz. Yes, new capacities outside the Persian Gulf are somewhat reducing the problem today; "Between March and June, they made up almost two-thirds of the volume lost to Qatar and the UAE."

"But not completely. Although everyone knows that the beneficiaries of this situation are largely American companies, operators and builders of new and developing pipelines," he added.