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Latin America LNG Unimpeded by Israel-Iran Tensions as Global Markets on Edge — LatAm Recap

Natural Gas Intelligence · last updated

U.S. and global natural gas prices have moved northward since hostilities between Iran and Israel began last week.

Chart showing delivered ex-ship LNG prices specific to the Latin American LNG market.

Iran is the world’s third-largest natural gas producer. It could also potentially close the Strait of Hormuz, a major transitway for LNG tankers.

LNG trade most likely to be affected would be Asia’s, analysts have said. Gelber & Associates (G&A) analysts pointed out that more than one-quarter of China’s LNG now passes through the Strait of Hormuz.