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🇸🇦🛢 — The Arabian Peninsula Monarchies under the GCC are planning new pipelines to avoid the Strait of Hormuz, says FT

➡️ The threat of open-ended Iranian control over the Strait of Hormuz is pushing Gulf countries to revisit costly plans for pipelines to bypass the choke point so they can continue to export oil and gas.

➡️ Officials and industry executives say new pipelines may be the only way to reduce Gulf countries’ enduring vulnerability to disruption in the strait, even though such projects would be expensive, politically complex and take years to complete.

➡️ The current conflict has underscored the strategic value of Saudi Arabia’s 1,200km East-West pipeline. Built in the 1980s after fears that the Iran-Iraq “tanker war” would close the strait, it is now a key lifeline, delivering 7mn barrels of oil a day to the Red Sea port of Yanbu, bypassing Hormuz entirely.

“In hindsight the East-West pipeline looks like a genius masterstroke,” said one senior Gulf energy executive.

🔗 Source: FT