Hormuz Tensions Fuel LNG Buyers' Shift to US Supplies

Liquefied natural gas buyers are scrambling to secure alternative supplies as tensions in the Strait of Hormuz escalate. Companies from Thailand, Pakistan, and Bangladesh are accelerating discussions with US suppliers to sign long-term contracts.

China Gas Holdings Ltd. has already signed a rare sales agreement with Venture Global Inc., a US exporter, for delivery starting in 2030. This move is seen as an effort to hedge against future risks of disruption to supplies from the Middle East.