Nearly 25% of US LNG cargoes shifted to Asia in April after Hormuz disruptions removed 20% of global supply, driving price spikes.
US LNG exports to Asia climbed sharply in April, with nearly a quarter of American cargoes redirected to the region. The shift follows coordinated strikes in the Strait of Hormuz, which disrupted roughly 20% of global LNG supply since early March, tightening markets and pushing prices higher across Asia and Europe.
Prior to the disruptions, US LNG flows to Asia had been steady but unremarkable. The sudden supply gap created by the Hormuz blockade accelerated demand for American gas, particularly from China, which is expanding its LNG infrastructure to reduce reliance on Middle Eastern sources.
The price surge reflects broader market volatility, with traders scrambling to secure alternative supplies amid geopolitical tensions. The US has emerged as a key beneficiary, capitalizing on its growing export capacity to fill the void left by disrupted Middle Eastern shipments.