Hormuz LNG Shipments Reach Highest Level Since US-Iran Conflict Began

The Strait of Hormuz saw its highest number of liquefied natural gas (LNG) shipments in September since the US-Iran conflict began, according to data from analytics firms.

A total of 19 LNG cargoes exited the key waterway in September, comprising 13 from Qatar and six from the United Arab Emirates, S&P Global Energy reported. This is up from the June figure of 15, when a pact between the US and Iran had started to take effect.

'LNG transits through the Strait of Hormuz accelerated in the second half of September,' said Eric Yep, a senior principal analyst at S&P Global Energy. 'If this trend is maintained into October, we could see full-month transits recover to 25% of pre-war levels.'

Kpler's data also showed that 21 LNG cargoes exited the Strait of Hormuz in September, up from 15 in June. The increase has been attributed to more QatarEnergy-linked vessels passing through the strait, despite ongoing security concerns.