Iran and Israel de escalation is causing nat gas to plummet.
Fear of the "Hormuz Strait" closing have slipped away!
Roughly 20% of global liquefied natural gas (LNG) trade flows through the Strait of Hormuz, primarily from Qatar (~9.3 Bcf/d) with smaller volumes from the UAE (~0.7 Bcf/d)
In 2024, approximately 83–84% of those LNG volumes were destined for Asian markets—China, India, South Korea
Fear of the "Hormuz Strait" closing have slipped away!
Roughly 20% of global liquefied natural gas (LNG) trade flows through the Strait of Hormuz, primarily from Qatar (~9.3 Bcf/d) with smaller volumes from the UAE (~0.7 Bcf/d)
In 2024, approximately 83–84% of those LNG volumes were destined for Asian markets—China, India, South Korea
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.