In the conflict and disruption picture, LNG shipments through the Strait of Hormuz have continued the rebound that began in September, Bloomberg reported on 5 October.[12] Tracking data compiled by Bloomberg and Kpler show at least three shipments leaving the waterway since late last week.[12]
September's outbound LNG traffic reached its highest level since the Iran conflict began in late February.[12] The recovery remains limited, with flows still more than 75 percent below levels before the war.[12] Those figures describe a partial return of supply, not normal trading conditions.[12]
The supply squeeze pushed gas prices in Europe and Asia to their highest levels since late 2022 during September, according to Bloomberg.[12] A sustained recovery in cargo movements could ease pressure before the Northern Hemisphere winter increases heating demand.[12]
Shipping risks have not disappeared as cargoes return.[12] Bloomberg reports that UK Maritime Trade Operations received a report of a tanker hit by an unknown projectile within Hormuz on 4 October.[12] The cover photograph, credited to RasGas, shows LNG carriers at Ras Laffan and is an archival image, not a photograph of these latest transits.[12]
Sources: [12] https://gcaptain.com/lng-trade-through-hormuz-extends-rebound-despite-shipping-risks