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Hormuz Liquefied Gas Shipments Support Supply Rebound
It has been confirmed that LNG shipments through the Strait of Hormuz have contributed to strengthening supplies in the region after a decrease of over 75% compared to pre-war levels, amid efforts by regional producers to restore supplies to customers experiencing energy shortages. At least three shipments have departed beyond the strait since the end of last week, as the market monitors export activity showing signs of easing the supply crisis, which helps alleviate price pressures ahead of the winter season. However, security risks remain ongoing, with incidents such as the injury of a tanker by an unidentified object inside the strait recorded in early October.
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