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The final days of 2011 saw Iran threaten to close the Strait of Hormuz, in response to a proposed EU embargo on Iranian oil exports. Much of the international community has dismissed the warning as sabre rattling, but with a third of global LNG supply dependent on safe passage through the Strait, the threat, if it is carried out, is considerable. LNG Business Review examines the potential consequences of a shut-down of arguably the energy sector’s most important shipping route.

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Gas took centre stage as the world’s hydrocarbon industry converged in Doha, Qatar in December for the triennial World Petroleum Congress (WPC). While oil will remain the most-used primary fuel for the foreseeable future, it was clear – at the first WPC to be held in an Arab country – that gas has multiple roles to play over coming decades. And Gas Matters found that, while Qatar’s export-focused gas industry has become a core element of the global sector’s progress towards the IEA’s expected “golden age of gas”, booming regional demand for gas in the Middle East could see the focus of the country’s future energy investment shift to a more local perspective.

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