Sept LNG shipments through Hormuz hit highest since start of US-Iran war
SINGAPORE: The number of liquefied natural gas cargoes exiting the Strait of Hormuz rose in September to its highest monthly level since the US-Israeli war on Iran began, data from analytics firms, shows, despite persistent security worries and uncertainty. A total of 19 LNG cargoes were shipped through the key waterway in September, made up of 13 from Qatar and six from the United Arab Emirates,…
In September, the number of liquefied natural gas shipments through the Strait of Hormuz reached its highest monthly level since the US-Iranian war started, according to analytics firms. A total of 19 LNG cargoes were shipped through the waterway, with 13 from Qatar and six from the United Arab Emirates. This surpasses the 15 LNG cargoes that passed through in June, when a US-Iranian pact began taking effect.
S&P Global Energy's Eric Yep predicts that if this trend continues into October, full-month transits could recover to 25 percent of pre-war levels. Kpler's data shows 21 LNG cargoes exiting the strait in September, up from 15 in June. The increase is attributed to QatarEnergy-linked LNG vessels, including Al Kharaitiyat and Al Gharrafa, which have reappeared outside the waterway despite the conflict.
Some vessels switch off their Automatic Identification System (AIS) transponders to avoid detection, known as "dark transits." Analysts are concerned about whether these LNG transits can be sustained through the winter, depending on Iran's potential military escalation and the cost of shipping convoys under US naval escorts. Before the war began on February 28, the Strait of Hormuz carried roughly a fifth of global crude oil and LNG supplies.
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