Of the Gulf states, Kuwait is one of the most exposed to the impact of the Strait of Hormuz closure. It exported 2.4mn b/d of crude oil and refined products last year, all of which was shipped on tankers through the Strait of Hormuz.
It is also reliant on LNG imports, and while most of its 6.87mn t/y imports came from nearby Qatar last year, 2.03mn t/y came from outside Hormuz. The distinction is now moot, as Qatar swiftly shut down its LNG facilities this week (see p20) due to the escalating conflict, leaving Kuwait reliant on stranded LNG tankers still in the Gulf for the foreseeable future. (CONTINUED - 393 WORDS)
