FT: Gulf states explore alternative pipelines to bypass Strait of Hormuz

Gulf countries are examining plans to build new pipelines for oil and gas exports that bypass the Strait of Hormuz, Financial Times (FT) reports, citing sources.

Officials said such projects could be the only way to reduce the region’s dependence on shipping through the strait, but they would be costly, politically complex, and take years to complete.

Saudi Arabia is considering constructing new pipelines or expanding the capacity of its existing East–West pipeline to export oil without passing through waters controlled by Iran. Another option involves reviving US plans for the India–Middle East–Europe Corridor (IMEC).

Yossi Abu, CEO of Israeli company NewMed Energy, expressed confidence in building pipelines to the Mediterranean. “People need to control their own destinies, with their friends,” he said.

Christopher Bush, CEO of Cat Group, noted that interest in new pipeline projects existed even before the Iran conflict: “We have had enquiries about various different pipelines. I have multiple different presentations on my desk,” he said.

Iran restricted shipping through the Strait of Hormuz in response to US and Israeli strikes beginning February 28. About one-fifth of global oil and LNG supplies pass through the strait.

US President Donald Trump, on April 2, urged dependent countries to ensure the strait remains open independently, warning that arms supplies to Ukraine could be halted if European allies did not support the initiative.