LNG Traffic Through Strait of Hormuz Shows Uptick Amid Ongoing Security Concerns

LNG traffic through the Strait of Hormuz has shown a modest recovery, with at least three carriers transiting outbound recently and 21 cargoes estimated to have passed in September — the highest monthly count since the Iran war began. However, volumes remain more than 75% below pre-war levels. Security incidents continue, with UKMTO reporting eight vessel attacks in a single week. The reduced flows have contributed to rising gas prices in Asia and Europe, reaching levels not seen since the 2022–2023 energy crisis.

On Sunday, a tanker navigating the Strait of Hormuz was hit by a projectile whose origin has not been established, UK Maritime Trade Operations — which operates under the Royal Navy — confirmed, bringing to eight the number of vessels affected by such incidents over the preceding seven days. Logistics data made public on Friday showed 21 LNG tankers transited the Strait of Hormuz in September — a monthly count not seen since armed conflict with Iran got under way, yet one that still falls below the throughput levels that predated the fighting. Shipment-tracking figures compiled by Kpler — an analytics firm monitoring cargo movements — put the number of LNG vessels passing through the strait at around 21 in the prior month, down from a time when that passage handled close to one-fifth of global liquefied natural gas trade before hostilities broke out.

LNG Traffic Through Strait of Hormuz Shows Uptick Amid Ongoing Security Concerns

Related Posts

LNG Traffic Through Strait of Hormuz Shows Uptick Amid Ongoing Security Concerns

Related Posts