LNG transport volume in the Strait of Hormuz rebounds, supply shortage may ease

智通财经2026/10/05 07:06

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(1) On October 5, it was reported that LNG shipments through the Strait of Hormuz have continued the rebound trend since September, as gas-producing countries are working to restore exports to customers facing supply shortages. Tracking data from Bloomberg and Kpler indicates that at least three LNG carriers departed the Strait of Hormuz since last weekend. (2) The volume of LNG exports from the Strait in September reached a new high since the outbreak of the Iran conflict at the end of February, but it still remains more than 75% lower than pre-war levels. The market is continuously monitoring LNG shipping data from the strait to evaluate whether the supply shortage is improving. (3) Last month’s natural gas supply shortfalls pushed Eurasian gas prices to their highest level since the end of 2022. If export volumes continue to recover, this is expected to ease upward price pressure ahead of the northern hemisphere's winter heating season. (4) However, shipping risks in the strait remain elevated. The UK Maritime Trade Operations reported on October 4 that it received information about a tanker being attacked by an unidentified object in the Strait of Hormuz.

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On October 5, it was reported that the volume of liquefied natural gas (LNG) shipments through the Strait of Hormuz continues to recover, a trend seen since September, as gas-producing countries are striving to restore exports to customers facing supply shortages. According to ship tracking data from Bloomberg and Kpler, at least three LNG carriers have shipped cargo from the Strait of Hormuz since last weekend.
LNG exports from the strait in September reached a new high since the outbreak of the Iran conflict at the end of February, but are still more than 75% below pre-war levels. The market continues to monitor LNG shipping data from the strait to assess whether supply tightness is easing.
Last month, the shortage of natural gas supply drove Eurasian natural gas prices to their highest levels since the end of 2022. If shipment volumes continue to recover, there is hope that the upward pressure on prices can be alleviated before the start of the winter heating season in the Northern Hemisphere.
The risk of shipping through the strait remains high. The United Kingdom Maritime Trade Operations reported that on October 4, it received a report of a tanker being attacked by an unidentified object in the Strait of Hormuz.

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(1) The President of the German Bundesbank and member of the ECB Governing Council, Joachim Nagel, stated that the rising levels of government debt provide further justification for central banks to increase their gold holdings. (2) On Monday, he said that the recent rise in global government bond yields has once again enhanced the relative attractiveness of debt securities. Meanwhile, increasing debt levels have heightened market concerns over the credit risk associated with these assets; in addition, geopolitical risks may continue to influence reserve management decisions. (3) Nagel said there are still ample reasons for central banks to further diversify into gold. (4) Germany holds the world’s second-largest gold reserves, but its holdings have remained broadly stable in recent years, while other monetary policy institutions have significantly increased their purchases.

智通财经•2026/10/05 08:06