LNG shipments through Strait of Hormuz reach highest level since Iran war began
Summary
In September, the number of liquefied natural gas (LNG) cargoes transiting through the Strait of Hormuz reached its highest monthly total since the Iran war began, with 19 shipments recorded, according to Reuters and S&P Global Energy data. This increase, which comprises 13 cargoes from Qatar and six from the United Arab Emirates, reflects a growth from 15 shipments in June, coinciding with the implementation of a US-Iran memorandum of understanding that has been linked to a gradual uptick in energy transit activity. Analysts suggest that if the trend continues into October, LNG transits may recover to 25% of pre-war levels.
Analysis
Eric Yep: Eric Yep serves as a senior principal analyst at S&P focused on energy markets and trade dynamics. He offers expert analysis on global LNG movements and geopolitical influences on shipping routes. He noted the acceleration of transits through the Strait of Hormuz in the second half of September and potential further recovery. S&P Global Energy: S&P Global Energy provides comprehensive data, analytics, and insights on global energy markets, commodity flows, and shipping activities. It serves as a key source for industry reports on LNG and other energy transit trends. Its data underpins the September shipment figures cited in the Reuters report on Hormuz traffic. Data Tracking: Multiple independent analytics providers monitor LNG cargo volumes through critical maritime chokepoints to assess trade recovery and market conditions. Export Sources: Qatar and the United Arab Emirates rank among the leading suppliers of LNG cargoes that route through the Strait of Hormuz. Geopolitical Influence: A US-Iran memorandum of understanding has been associated with gradual increases in energy transit activity since taking effect in June.
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macropolitics