LNG transport volume in the Strait of Hormuz rebounds, supply shortage may ease
智通财经2026/10/05 07:06(1) On October 5, it was reported that LNG shipments through the Strait of Hormuz have continued the rebound trend since September, as gas-producing countries are working to restore exports to customers facing supply shortages. Tracking data from Bloomberg and Kpler indicates that at least three LNG carriers departed the Strait of Hormuz since last weekend. (2) The volume of LNG exports from the Strait in September reached a new high since the outbreak of the Iran conflict at the end of February, but it still remains more than 75% lower than pre-war levels. The market is continuously monitoring LNG shipping data from the strait to evaluate whether the supply shortage is improving. (3) Last month’s natural gas supply shortfalls pushed Eurasian gas prices to their highest level since the end of 2022. If export volumes continue to recover, this is expected to ease upward price pressure ahead of the northern hemisphere's winter heating season. (4) However, shipping risks in the strait remain elevated. The UK Maritime Trade Operations reported on October 4 that it received information about a tanker being attacked by an unidentified object in the Strait of Hormuz.
- On October 5, it was reported that the volume of liquefied natural gas (LNG) shipments through the Strait of Hormuz continues to recover, a trend seen since September, as gas-producing countries are striving to restore exports to customers facing supply shortages. According to ship tracking data from Bloomberg and Kpler, at least three LNG carriers have shipped cargo from the Strait of Hormuz since last weekend.
- LNG exports from the strait in September reached a new high since the outbreak of the Iran conflict at the end of February, but are still more than 75% below pre-war levels. The market continues to monitor LNG shipping data from the strait to assess whether supply tightness is easing.
- Last month, the shortage of natural gas supply drove Eurasian natural gas prices to their highest levels since the end of 2022. If shipment volumes continue to recover, there is hope that the upward pressure on prices can be alleviated before the start of the winter heating season in the Northern Hemisphere.
- The risk of shipping through the strait remains high. The United Kingdom Maritime Trade Operations reported that on October 4, it received a report of a tanker being attacked by an unidentified object in the Strait of Hormuz.
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