LNG Shipments Through Hormuz Rebound Despite Conflict Risks
The flow of liquefied natural gas (LNG) through the Strait of Hormuz has continued to recover in October, despite persistent shipping risks in the region. Shipments have increased following a rebound that started in September, as producers aim to replenish supplies for energy-deficient markets.
Data from Bloomberg and Kpler shows that at least three LNG shipments have passed through the Strait of Hormuz since late last week. September saw the highest outbound traffic since the Iran conflict began in late February, though current levels are still over 75% below pre-war volumes.
Producers are working to restore supplies to customers facing energy shortages, but the risks associated with shipping through the Hormuz remain a significant challenge.