LNG Traffic Through Hormuz Hits Highest Level Since Iran War Began

AI Summary

LNG traffic through the Strait of Hormuz rose to 31 tankers last month, the highest level since the Iran war began, up from 27 in September. Most cargoes were loaded at Qatar’s Ras Laffan hub despite force majeure, with some LNG transferred between vessels after clearing the strait.

Exports of liquefied natural gas via the Strait of Hormuz last month reached the highest total since February, at 31 tankers, compared with 27 in September, according to data from Kpler, as cited by Reuters. What is perhaps more impressive is that most of these cargoes were loaded from Qatar’s Ras Laffan hub, despite it still being under force majeure. In two cases, per Kpler, LNG cargoes loaded at Ras Laffan were then transferred to other tankers once the original vessels had cleared the Strait of Hormuz. Despite the increase in loadings,…