Vitol LNG Chief Warns of Impending Global Food Price Shock

"We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock

"We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock Pablo Galante Escobar, the head of liquefied natural gas (LNG) at Vitol, warned the audience at the FT Commodities Summit earlier today that the "world is on borrowed time" and that the Gulf energy shock will develop into a food crisis unless LNG flows resume through the Hormuz chokepoint. "We are on borrowed time. Every day this trade remains closed and every day production does not come back, we are bu...

By Tyler Durden