ATHENS — Speaking at the 10th Capital Link Maritime Leaders Summit – Greece, held in Athens during Posidonia Week, Maria of Angelicoussis Group said the conflict involving Iran and the effective closure of the Strait of Hormuz have created one of the most serious energy supply chain disruptions in recent decades.

She noted that the Middle East remains a central artery of global energy security. When production, processing facilities and export flows are affected, the impact is quickly felt across global markets.

Even so, Marina said the global energy system has shown surprising resilience. Commodity and Asian energy prices have risen sharply, but the market has avoided the extreme levels many had feared. She pointed to seasonal timing, fuel switching, demand destruction and large strategic stock releases as key reasons.

On Qatar, Marina said the country’s LNG facilities had not been destroyed, but two liquefaction trains were damaged, affecting about 12.8 million tonnes per year of capacity. Repairs may take years, although she expressed confidence that Qatar would restore flows as quickly as possible once the Strait of Hormuz is safely reopened.

For shipping, the impact is already clear. Asian and European buyers are competing harder for alternative LNG supplies, especially from the United States. With the Panama Canal still costly and uncertain, more LNG carriers are routing via the Cape of Good Hope, significantly increasing voyage distances and ton-mile demand.

Marina also highlighted the growing role of U.S. LNG. She said U.S. exports reached about 110 million tonnes last year and could approach 130 million tonnes this year as new capacity comes online.

Her message was clear: the Hormuz crisis is reshaping LNG trade flows and tightening LNG shipping markets. It also underlines the strategic value of diversified energy supply, long-term shipping partnerships and modern, globally deployable LNG fleets.