LNG

Laden LNG transits through the Strait of Hormuz have dropped sharply, down from roughly 0.8 cargoes per day in late June to just 0.2 cargoes per day by July 15, as shipowners grow increasingly cautious after the attack on QatarEnergy LNG carrier Al Rekayyat. Only one LNG cargo is known to have transited the Strait of Hormuz in the past week, according to S&P Global Energy’s vessel-tracking data, while a growing number of LNG stored aboard tankers waiting inside the Persian Gulf for safer passage.

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