Adnoc LNG tanker crosses Strait, headed to India, says report

28/04/2026 06:50 AST

A liquefied natural gas (LNG) tanker managed ?by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, ship-tracking data quoted by Reuters showed.

The 136,357 cu m tanker, which is managed ?by Adnoc Logistics & Services and was last seen in the Gulf on March 30, ?has shown up off the west coast of India, suggesting it has crossed the Strait ?of Hormuz after several weeks without signal, according to data from ICIS LNG Edge, Marine Traffic and LSEG, it said.

Global LNG markets are tightening sharply, with prices at multi-year highs, disrupted trade flows, and Asia outbidding Europe.

Tightness will persist beyond the short term, as Qatari outages and delayed new supply could leave a structural deficit through 2026-2027 despite rising US output, say analysts.

Meanwhile, oil prices rose 1% on Tuesday, extending gains from the previous session, ?as Strait of Hormuz waterway still remains mainly shut.

Brent crude futures for June climbed $1.41, or 1.3%, to $109.64 a barrel as of 0400 GMT, after gaining 2.8% in the previous session to its highest close since April 7. The contract is up for a seventh day.

U.S. ?West Texas Intermediate (WTI) crude for June rose $1.27, or 1.3%, to $97.64 a barrel, after gaining 2.1% in the previous session.

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