Government lifts LNG supply restrictions amid US-Iran ceasefire
after close1 source ↓written by the desknot a recommendation
The government has lifted restrictions on LNG supply, resuming shipments from the Strait of Hormuz following a ceasefire in West Asia. This decision, announced by the Ministry of Petroleum, ends the Emergency Natural Gas Supply Regulation Order implemented on 9 Mar 2023, alleviating supply concerns for industries reliant on LNG. 📈
The resumption of normal LNG shipments is expected to stabilize supply chains and may enhance industrial operations across sectors. ⚡
Not investment advice. For informational purposes only.