LNG Shipping Routes Take Center Stage in Global Energy Security

The traditional view of energy security focuses on the availability and reliability of natural gas resources. However, recent geopolitical tensions have brought another crucial factor to the forefront: the security of liquefied natural gas (LNG) shipping routes.

According to the Gas Exporting Countries Forum (GECF), the global LNG trade relies heavily on a limited number of strategic maritime routes. Disruptions along these routes can lead to supply interruptions, increased transportation costs, and reduced market resilience.

The GECF identifies the Strait of Hormuz, the Suez Canal, and the Panama Canal as the most critical chokepoints for global LNG trade. These waterways connect major LNG exporters with importing markets across Europe and Asia.

Recent events have highlighted the importance of these routes. The Strait of Hormuz has seen a significant decline in traffic since the US/Israel war on Iran began, with laden LNG transits falling by about 75% over a ten-day period.