The Strait of Hormuz and the new LNG market equation Mohammad Mojtabi Valdabadi, an energy expert at "Iran" wrote: The result of the work of the Assembly of Gas Exporting Countries has been limited so far and the protection of long-term contracts remains mainly in the form of statements and positions. However, the forum provides a platform for bilateral and multilateral meetings of gas producing countries. Recent developments and Iran's control of the Strait of Hormuz have increased the country's position in the gas equation and in the global LNG market. A large part of the world's LNG passes through the Strait of Hormuz, and disruptions in the movement of this waterway affect prices and contracts. Qatar's export route, which has about a fifth of the global LNG market, passes through the Strait of Hormuz. The Moscow summit is an opportunity for Iran to strengthen its position by defining a specific agenda and following the path of becoming a regional gas center. Read the full text here.

The Strait of Hormuz and the new LNG market equation Mohammad Mojtabi Valdabadi, an energy expert at "Iran" wrote: The result of the work of the Assembly of Gas Exporting Countries has been limited so far and the protection of long-term contracts remains mainly in the form of statements and positions. However, the forum provides a platform for bilateral and multilateral meetings of gas producing countries. Recent developments and Iran's control of the Strait of Hormuz have increased the country's position in the gas equation and in the global LNG market. A large part of the world's LNG passes through the Strait of Hormuz, and disruptions in the movement of this waterway affect prices and contracts. Qatar's export route, which has about a fifth of the global LNG market, passes through the Strait of Hormuz. The Moscow summit is an opportunity for Iran to strengthen its position by defining a specific agenda and following the path of becoming a regional gas center. Read the full text here.