LNG shipments through the Strait of Hormuz have begun to recover

In early autumn, liquefied natural gas (LNG) shipments through the Strait of Hormuz began to gradually recover. This was reported by Reuters with reference to data from S&P Global Energy.

According to the results of the first month of autumn, a total of 19 shipments of the key fuel were shipped through this route, analysts specified. The result achieved in September turned out to be the peak since the beginning of the war between the United States and Iran in the Middle East, experts explained.

LNG transit through Hormuz accelerated in the second half of September, said Eric Yep, senior principal analyst at S&P. For the entire month, he did not rule out, the volume of shipments of the most important fuel through the strait could reach 25 percent of pre-war levels. The overwhelming majority of fuel exported through Hormuz went to Qatar - 13 shipments. The remaining six entered the global market via this route from the United Arab Emirates (UAE), experts stated.

At the same time, risks for shipowners in the war-torn region still remain. Against this background, one of the largest players in the gas market, the energy giant QatarEnergy, has once again postponed the date for resuming supplies to foreign customers. The force majeure regime, the energy concern reported, will last at least until November.

The full resumption of safe navigation in the Strait of Hormuz is hampered by fundamental disagreements between the United States and Iran over the conditions for opening a key logistics artery. Tehran, in particular, insists on the need to collect fees from the crews of foreign ships for passage, while Washington is categorically not satisfied with such a clause.