AlexGii

😏 Head of Vitol's LNG division (, the world's largest independent oil trader ), warned: the closed Strait of Hormuz will turn the energy crisis into a food crisis, as only gas fuels fertilizer production.
ℹ️ Even if the Strait of Hormuz opens today, recovery will take 3-5 months, and in the long term, the market will lose approximately 20 million tons per year of LNG supply growth in 2027-2028 due to damage to Qatari facilities. 70% of American farmers have already stated that they will not be able to purchase the necessary amount of fertilizers in 2026.

😏 Vitol LNG division head ( warned: the closed Strait of Hormuz will turn the energy crisis into a food crisis, as only gas powers fertilizer production.
ℹ️ Even if the Strait of Hormuz opens today, recovery will take 3–5 months; in the long run, the market will lose ~20 million tons/year of LNG supply growth in 2027–2028 due to damage to Qatari facilities. 70% of American farmers have already said they won’t be able to buy the required amount of fertilizer in 2026.
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