October LNG Transit Volume Through Strait of Hormuz Hits Highest Level Since Iran War Began

Deep News11-10

Ship tracking data shows that the number of fully loaded liquefied natural gas (LNG) tankers departing the Strait of Hormuz in October reached its highest level since this year's US-Iran conflict disrupted shipping.

According to data from S&P Global Energy, a total of 31 LNG tankers passed through the key waterway last month, with 23 loading at Qatar's Ras Laffan port and 8 loading at Das Island in the United Arab Emirates.

The data shows that October's export volume was the highest since the war broke out in February, surpassing the 23 vessels that exited the strait in September.

Eric Yep, chief analyst at S&P Global Energy, said: "We have observed that transit volumes from the UAE have returned to pre-war levels, while Qatar's transit volumes have reached more than 30% of pre-war Strait of Hormuz transit volumes."

Ship tracking data from Kpler also shows that a total of 42 LNG cargoes were loaded in October, up from 27 in September.

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