EnergyReader · 2026-08-09 23:59

Strait of Hormuz Closure Puts Shell's 2026 LNG Trade Forecast at Risk

By EnergyReader Newsroom · August 9, 2026

Global LNG trade volumes hit a record 56.3 billion cubic feet per day in 2025, a 5.4% rise year-on-year, driven largely by a 26% surge in U.S. exports to 15.1 Bcf/d, according to data from the International Group of Liquefied Natural Gas Importers published by the U.S. Energy Information Administration on July 14 (2026-07-14). Those gains are now under pressure. Qatar's LNG exports, which climbed 3% to 10.6 Bcf/d in 2025, have been curtailed since the Strait of Hormuz closed on February 28 (2026-02-28), removing roughly 20% of global supply, EIA data show.

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