Analysts believe that if the Strait of Hormuz does not open for maritime traffic by early August, gas and LNG prices could soar.
Analysts are anticipating that the inflection point where the global gas and LNG markets start to hurt from an extended closure of the Strait of Hormuz is by early August at the latest — particularly as buyers need to prepare for the high demand winter season.
An LNG glut is on its way
After months of shortage, LNG glut is on its way
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International agencies warn of summer fuel shortages if Strait of Hormuz remains closed
Global agencies warn of summer fuel shortages if Hormuz disruption continues
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Roughly 20% of global LNG flows through the Strait.
Acccording to the analysis by Rapidan Energy Group, if the Strait reopens in July, an average oil demand reduction of 2.6 million…
The closure of the Strait of Hormuz and the shutdown of Qatars LNG exports have pushed gas prices higher, but the disruption…
The closure of the Strait of Hormuz until August would significantly increase the risk of an economic downturn approaching the…
Unless peace talks between US and Iran fail and the Strait of Hormuz remains closed beyond July, LNG prices will see a sharp drop.
As noted, 20% of global LNG supplies pass through the Strait of Hormuz, and after its closure, they were effectively blocked
