Smallest exporter of crude oil, approximately 620,000 BBL/day.
Fujairah, UAE is the main bunkering port for all the vessels leaving Middle East.
Major LNG and Crude oil demand exist outside the Middle East.
Strait of Hormuz is operational and only route out for the region for crude and LNG from the region.
Egypt already planning to reduce LNG imports due to the discovery of gas fields.
Long term buyers will keep on buying from Qatar and have been assured that there will be no disruption in supply because of the crisis.
Expected impact on LNG trade will be negligible other than increase cost of shipping as LNG vessels needs to refuel. Some vessels may need to consider other regionals ports like Pakistan, India, Sri Lanka and Singapore.