LNG Position Book - August 24, 2026
Edition: Aug 24, 31 markers · Backstory: Aug 16–23, 106 markers
Hormuz stayed shut with weekend traffic in the single digits, and Europe's winter-supply position weakened on several fronts. The capital and contracting lanes advanced the same day — a Shell FID in Egypt, $15bn of financing arranged for Argentina LNG, and Uniper securing Norwegian gas.
Strait of Hormuz — transit · REAFFIRMED (shut)
- Fewer than 20 ships crossed over the weekend; reporting cited oil flows that trackers cannot locate.
- Held all week: attacks and slowed shipping Aug 17–18, single-digit crossings from Aug 18, a Flex LNG CEO predicting closure through 2026. The closure is now the settled state, not developing.
- Read These: Reuters (Aug 24 under 20 ships), Wall Street Journal (Aug 24 phantom flows), Reuters (Aug 19 closed through 2026)