LNG shipments start moving through Hormuz in long road to recovery

Qatar sent its first liquefied natural gas cargo through the Strait of Hormuz in weeks, with ADNOC also moving ships for loadings, signaling potential production increases if sustained. Pakistan and Bangladesh spent $1.9 billion replacing canceled Qatari cargoes, while QatarEnergy extended force majeure for customers until September and purchased $1 billion in U.S. LNG to address disruptions.