SEATTLE (Oil Monster): According to the U.S. Energy Information Administration (EIA), nearly one-fifth of the world’s total liquefied natural gas (LNG) trade flows through the Strait of Hormuz. This is based on the trade data for 2024. Oil and petroleum products from Qatar constituted majority of trade flows through the region.
According to data, the United Arab Emirates (UAE) and Qatar both exported roughly 0.7 billion cubic feet per day (Bcf/d) of LNG via the Strait of Hormuz in 2024, with Qatar exporting 9.3 Bcf/d.
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According to the tracking data, around 83% of the LNG that passed through the Strait of Hormuz in 2024 was headed to Asian markets from Persian Gulf nations. China, India, and South Korea were the major destinations for LNG traveling over the Strait of Hormuz. Over half of all LNG flows via the Strait in the previous year came from these nations.
Due mostly to growing U.S. exports to the European region and interruptions in LNG flows via the Bab al-Mandeb Strait, Qatar's LNG exports have been increasingly directed to Asian nations.
LNG from sources outside the Persian Gulf, such as the United States and West Africa, was imported by Kuwait and the United Arab Emirates.
