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Full Breakdown

Second Qatari LNG Tanker Hit in the Strait of Hormuz Raises Shipping Risks

8/4/2026, 5:59:08 AM

Incident Overview

On July 31, the LNG carrier GasLog Shanghai was struck by an unidentified projectile while exiting the Strait of Hormuz. The 285-metre Bermuda-flagged tanker, managed by Greek shipping company GasLog, had loaded a Qatari LNG cargo at the Ras Laffan export terminal earlier in the month. The impact caused a blackout and a brief fire that was extinguished; all crew members were reported safe and the ship remained stable. The UK Maritime Trade Operations (UKMTO) confirmed the attack off Oman’s coast and noted no environmental damage.

Background & Context

Qatar ships roughly 77 million tonnes of LNG annually, with most cargoes transiting the Strait of Hormuz, which carries about one-fifth of global LNG flows. In early July, the Qatari tanker Al Rekayyat was hit on July 7, prompting a pause in Qatari LNG shipments. Since March, QatarEnergy has operated under force-majeure on several contracts after Iranian attacks on the Ras Laffan complex disrupted production and shipping.

Data & Statistics

Data & Statistics
MetricFigure
Qatar’s annual LNG export volume~77 million tonnes
Share of global LNG transiting Hormuz~20 %
Cargoes placed under force majeure for Italian utility Edison24 cargoes (? 3 billion m³) scheduled between April and September
Number of confirmed Qatari LNG tanker strikes in the past month2 (Al Rekayyat on July 7; GasLog Shanghai on July 31)

Official Statements & Responses

  • GasLog said its emergency plan was activated, authorities were notified, and crew safety was prioritized.
  • UKMTO reported the projectile strike and a separate explosion sighting near the strait, confirming no casualties or environmental impact.
  • QatarEnergy did not respond to inquiries.
  • Italian utility Edison confirmed force-majeure extensions through September and that it had already replaced 17 of the affected cargoes.

Verbatim Quotes

  • “This is a blow to Qatar's perseverance in mitigating the effects of the crisis,” — Christian Heintz, managing director, Wideangle LNG

Conflicting Reports & Gaps

  • Attribution: Some sources describe the projectile as “likely Iranian,” while the IRGC claimed responsibility for striking two tankers in the southern corridor, a claim not independently verified. No party has formally claimed the GasLog Shanghai incident.
  • Cargo destination: The ultimate recipient of the LNG aboard GasLog Shanghai remains unidentified.

Impact on Markets

Analysts note that the incidents have pushed shipowners, cargo traders, and insurers to reassess the cost of transiting the Strait of Hormuz. Insurance premiums for vessels and cargoes are expected to continue rising. The disruptions, combined with strong European demand ahead of winter, have been “certainly bullish for prices,” according to Wideangle LNG.

What’s Next

  • Force-majeure extensions: QatarEnergy’s force-majeure on deliveries to Edison will remain in place through September.
  • Shipping monitoring: UKMTO and regional coast guards continue to investigate the July 31 strike and monitor further security alerts in the Hormuz corridor.
  • Market outlook: LNG traders are watching insurance cost trends and potential further disruptions as the regional conflict evolves.