More LNG tankers are passing through the Strait of Hormuz, Bloomberg says

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More LNG tankers are passing through the Strait of Hormuz, Bloomberg says
Photo: Vahid Salemi /AP/TT

This means traffic has increased compared with recent weeks, but flows remain far below previous levels. Before the Iran war broke out, three gas tankers passed through the strait each day.

Exports have largely come to a standstill since a tanker was attacked by Iran in early July, according to Bloomberg.

Qatar's exports previously accounted for about a fifth of global supply.

The price of natural gas on the Amsterdam Commodity Exchange has risen by 175 percent so far this year and is trading at 77.50 euros per megawatt hour.

Higher gas prices affect electricity prices on the continent, among other things. Through cross-border electricity trading, Swedish electricity prices are also affected, especially in southern Sweden.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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