➡️ The second piece news today on Hormuz bypass pipelines: First Aramco, now the UAE. ➡️ Note the UAE is opening the project to other Persian Gulf producers. Qatar, Bahrain, and Kuwait are all stuck on the wrong side of the Strait of Hormuz, and should be very interested (Kuwait has already expressed interest in joining new pipeline projects). ➡️ By bringing other countries onto the project, the UAE can both divide the capital costs and diversify the risk (an attack on the line would be an attack on all of its participants, not just the UAE). #OOTT Retweeted by @staunovo from @RusOilGasExpert