LNG traffic through Strait of Hormuz declines sharply
after close1 source ↓written by the desknot a recommendation
- of laden LNG
- 10-day moving average
- in late June
- 0.8 cargoes per day
- by mid-July
- 0.2 cargoes per day
Renewed US-Iran tensions have led to a sharp decline in LNG exports from the Persian Gulf. The 10-day moving average of laden LNG transits through the Strait of Hormuz dropped from 0.8 cargoes per day in late June to just 0.2 cargoes per day by mid-July. India is rerouting imports via the UAE and Oman to mitigate risks.
Not investment advice. For informational purposes only.