Iran’s main oil-loading terminals have remained empty for weeks, adding to signs that a US naval blockade of the country is throttling Tehran’s exports.

Under a mechanism developed by Ukraine’s Infrastructure Ministry, Kyiv will compensate shipowners, operators, and charterers whose vessels fly under the Ukrainian or a foreign flag for up to 80% of the assessed damage if insurers don’t cover the risks.

When the Iran war closed the Strait of Hormuz earlier this year, about 20% of the world’s liquefied natural gas supply stopped flowing almost overnight. Roughly 90% of the LNG that moves through the strait goes to Asia, so the continent has absorbed the worst of it. Gulf producers have had few good responses. Saudi […]

The post Africa’s LNG boom giving Asia an alternative to Hormuz appeared first on Asia Times.