- At least three LNG carriers have transited the Strait of Hormuz outbound since the end of last week, extending a September rebound in transits, according to tanker-traffic data compiled by Bloomberg and Kpler.
- September saw an estimated 21 LNG cargoes exit the Strait of Hormuz, the highest monthly number since the Iran war began, but still well below pre-war levels when three LNG cargoes per day regularly exited.
- LNG flows through Hormuz remain more than 75% below pre-war levels, and most LNG carriers are traveling in dark mode, complicating tracking and global supply estimates.
- UK Maritime Trade Operations reported an attack on a tanker in the Strait of Hormuz on Sunday, the eighth such report of a vessel hit by an unknown projectile in the past week.
- The choked LNG flows from the Middle East in the past six months sent September gas prices in Asia and Europe to the highest since the 2022-2023 energy crisis, as buyers compete for supply that does not need to move through Hormuz.
Quotes
“At least three LNG carriers have transited the Strait of Hormuz outbound since the end of last week, tanker-traffic data compiled by Bloomberg and Kpler showed on Monday.”
“The increase in LNG shipments extends the rebound in transits in September, but the flows of liquefied natural gas remain over 75% below the levels seen before the Iran war.”
“UK Maritime Trade Operations (UKMTO), which is affiliated with the Royal Navy, reported an attack on a tanker in the Strait of Hormuz on Sunday, which was the eighth such report of a vessel hit by an unknown projectile in the past week.”
“The choked LNG flows from the Middle East in the past six months sent September gas prices in Asia and Europe to the highest since the 2022-2023 energy crisis, as buyers are competing for available supply that doesn’t need to move through the Strait of Hormuz.”