Vortexa LNG Weekly

To view this email as a web page, go to the following address: https://marketinfo.vortexa.com/index.php/email/emailWebview?mkt_tok=ODM3LU1aRS01NzgAAAGkhzv_LK2q3epXLBPdm2dXnAo3jAQPEXdPQeQdQOy9QMfNziPzHgllJjoZAmm8YCA_ydBBBssihD_vaPENgCo-QAwD1PoEZ0QgAUL5YJenwlE

͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­ ͏ ­Vortexa (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LHZ19jTdjShckZb2O0aIFSJfzySZzkHraSliuitzUJZFfSAMBtknKvBB1xzLPRAPwa0=) 
28 September 2026LNG Weekly
Distilling what matters in the global LNG market right nowIn partnership with KayrrosLast week at a glanceAtlantic basinPacific basinDemandEurope’s LNG arrivals continue recent growth, supporting gas storage refillAsia imports boosted by Japan’s return from public holidays; Pakistan receives second Qatari cargo of SeptemberSupplyUS supply falls to lowest in a month amid planned maintenance at Cameron and Cove Point terminalsHormuz LNG traffic slightly below recent weekly average, but Qatar’s Q-Fleet transits pick up
FOCUS TOPICLNG import flows by destination region
(mt, comparison of last 4 weeks (rolling sum total))
Source: Vortexa. Get live data on platform (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LBxu_HckLftXRmcBbs5qWVChy9dgiYWXiwLMQXo0xWrcoZPuwrqFaEBFce6n90e5GF4=)  (clients only). Import comparison is to same period last year. * ‘Last 4 weeks’ reference period = 31 August-27 September 2026. ** JKT = Japan, Korea and Taiwan.
Asia’s LNG imports supported by post-holiday rebound in Japan; Iran’s proposal to restart US peace talks eases upward pressure on spot LNG prices
Last week’s aggregate Asia arrivals (5.0 mt, 79 cargoes) rose almost 5% above their four-week average. This was led by stronger imports to Japan (1.3 mt, 21 cargoes), which rebounded to their highest in a month after the Silver Week break. Receipts in South Korea (0.9 mt, 14 cargoes) were 20% above their four-week average, while deliveries to China (1.1 mt, 19 cargoes) were 15% below the same metric ahead of its weeklong National Day holiday.
In Southeast and South Asia, Thailand’s volumes (0.1 mt, two cargoes) were at their weakest since January due to severe flooding that has disrupted business activity in the capital Bangkok. Shipments to India (0.6 mt, eight cargoes) were over 10% above their four-week average, while Pakistan received one Qatari cargo (0.1 mt) last week, on the Shandong Redwood carrier. 
Regional spot prices’ weekly average fell last week for the first time since August, to an average of US$26.3/MMBtu†. This followed Iran’s proposal to resume peace talks with the US and reopen the Strait of Hormuz after a seven-day truce. However, this was publicly rejected by the US.
Europe’s LNG arrivals continue recent uptrend, as inter-basin arbitrage retreats to marginal level
Europe-wide LNG deliveries (2.3 mt, 38 cargoes) maintained their recent strength and were more than 15% above their four-week average. The inter-basin arbitrage for flexible Atlantic cargoes to Asia weakened to marginal last week, with only the Edison-controlled Elisa Aquila carrier making a mid-Atlantic diversion towards the Cape of Good Hope. Weekly average spot LNG prices in Northeast Asia were at a US$2.2/MMBtu† premium to Northwest Europe, unchanged week-on-week.
Weekly arrivals to the UK (0.2 mt, four cargoes) were at their strongest since March, while France’s volumes (0.4 mt, six cargoes) were over 5% above their four-week average. The latter’s 1.2 mtpa Fos Tonkin LNG terminal is undergoing planned maintenance from 18 September to 5 October and did not receive any cargoes for the second consecutive week.
In the Mediterranean, shipments to Spain (0.5 mt, seven cargoes) were at their highest since early August. Italy’s receipts (0.3 mt, five cargoes) were nearly 10% above their four-week average, although the backwardated PSV gas hub price and the strong likelihood of the country reaching 90% gas storage fill in early October are expected to weigh on LNG imports over the rest of autumn. In contrast, EU-wide gas storage fill ended the week at 71%, still trailing the five-year average by 16 percentage points. Aggregate EU LNG send-out averaged 3,900 GWh/d, almost 10% above its four-week average.
FOCUS TOPICLNG export flows by supply region
(mt, comparison of last 4 weeks (rolling sum total))
Source: Vortexa. Get live data on platform (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LO15ejrxd4h1ioL7C_dzhtbZe0YixhISXQC-_W-mMo1eK8C6JBk2XecvFV0fyCzHSFY=)  (clients only). Export comparison is to preceding 4 weeks in current year. * ‘Last 4 weeks’ reference period = 31 August-27 September 2026.
Hormuz LNG traffic marginally lower than recent trend, but outbound transits by Qatari cargoes match highest weekly level since July
Six LNG carriers made confirmed Hormuz transits last week – down slightly from the four-week average of seven crossings. There were four laden outbound transits and two inbound ballast crossings. The former included three Qatari cargoes, one of which – the GasLog Skagen vessel – is now declaring for Taiwan. The other two Qatari cargoes, on Mesaimeer and Al Shamal, are heading elsewhere in Asia. One UAE cargo also exited via the chokepoint, on the Gas Garuda steam carrier, which is likely under a short-term ADNOC charter.
Qatar’s Ras Laffan terminal loaded three cargoes (0.3 mt) last week, its lowest level in a month. Two of the laden carriers are still currently west of Hormuz. This includes Umm Al Amad, which is declaring for Kuwait, within the region. The other cargo was already delivered by the Mekaines vessel to Kuwait. Meanwhile, another two Qatar-origin cargoes discharged east of Hormuz: Al Ghashamiya in India, and Shandong Redwood in Pakistan. 
In the UAE, there was one ‘dark’ load at the Das Island terminal last week, by the Gas Polaris steam carrier – its second load in September, since being chartered by ADNOC. Elsewhere, ADNOC’s Mraweh and Marigold LNG carriers each delivered a UAE-origin cargo to India, respectively to the Dahej and Dabhol terminals.
US LNG exports dip, with scheduled maintenance at Cameron and Cove Point terminals
Last week, US supply (2.3 mt, 33 cargoes) fell to its lowest in a month. This was due to planned maintenance at the Cameron (0.3 mt, four cargoes) and Cove Point LNG facilities, with zero cargoes loaded at the latter for the first time since July. 
Elsewhere, Australia’s exports (1.7 mt, 25 cargoes) were around 2% above their four-week average, while Oman’s volumes (0.2 mt, three cargoes) were at their strongest in almost a month – since scheduled downtime began on one train at start-September. Output from Angola (0.2 mt, three cargoes) also hit its highest weekly level since its post-maintenance restart in late August.

† Price commentary based on Argus Media group weekly average price data.
FOCUS TOPICLNG Market SpotlightFocus topic chart (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LLfMBcLM1Z0FjN0vXnoLKunOGbR8gzro1KHeskp4wMsaDhqD3NJZRKKbN0yjz_7GX6w=) 
Source: Vortexa, KayrosDaily data from the last 3 months - updated for 26 January 2026
The latest edition covers the spike in regional spot LNG prices, which hit their highest in over three years. We also assess: how Qatar and the UAE have utilised STS activity east of Hormuz to focus transit risk on older steam carriers; why seasonal competition for marginal Atlantic-origin cargoes will remain turbulent even though the inter-basin arbitrage has consistently pointed to Europe over recent weeks; and the reasons behind the constrained near-term outlook for longer Atlantic-to-Asia voyages.LNG trade flow intelligence
Trusted insights into the global LNG marketLNG intelligence dashboard (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LFvn1lAKSs5L6YHOMYBSUEQPr7AI2ryF9iK9XQYajQi1IUbTe8MxijO0HxvZkim79k0=) 
LNG Analytics
Data-driven flows analytics with a competitive edge to spot short-term changes. 
Find out more (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LFvn1lAKSs5L6YHOMYBSUEQPr7AI2ryF9iK9XQYajQi1IUbTe8MxijO0HxvZkim79k0=) Outage report dashboard (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LLBpYjoZxfcZn3E20ym2nsQDHIqZ4m_kTp5slNnSlVqBKrhsLgGM9CiPbsSGqNtP4ys=) 
Integrations
Integrate Vortexa’s market fundamentals into your workflows via our API, Python SDK, and Excel add-in. 
Learn more (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LLBpYjoZxfcZn3E20ym2nsQDHIqZ4m_kTp5slNnSlVqBKrhsLgGM9CiPbsSGqNtP4ys=) Vortexa Energy Flows Analytics
End to end transparency on seaborne energy flows.Start exploring (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LLBkg3P6RnJxh9xTOAUb5e3ytLEL7A297EUK1TvWy7raVbHWqtvrOb5cr2nInf1kzqg=) Vortexa (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LHZ19jTdjShckZb2O0aIFSJfzySZzkHraSliuitzUJZFfSAMBtknKvBB1xzLPRAPwa0=) 
Questions? Send us a message (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LAg0DiBiAH-xe3L6jMbTRKTqt_e6ZhTqCLWqDr8jBCMrITc-hGZuZxk4duoBsKChX_A=) 
Copyright © 2026 Vortexa Ltd. All rights reserved.
Tower 42,25 Old Broad St.,London, EC2N 1HQLinkedIn (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LEoYi3fAUApJIXGz1wVrtkt891DCx5t0uO_tsbVHJ1Nv4uz1LkmAJB9hFIF-PS1quwQ=) X (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LCDTDnr-x6Fx2FttKCWkrP-kesAvGn87pduM9CPm8yIfw7wvDsQSuucEXqnj2he5cug=) 
You received this email because you are subscribed to the Vortexa Newsletter
This communication and any attachments, including any data, charts or analysis, are provided by Vortexa Ltd and its affiliates (“Vortexa”) for informational purposes only and form part of a market intelligence service. They do not constitute an offer, solicitation, recommendation or advice to buy or sell any commodity, security or financial instrument. Information may be based on third-party sources which have not been independently verified. Vortexa makes no representations or warranties as to accuracy or completeness and, to the fullest extent permitted by law, disclaims all liability arising from any use of or reliance on this information. Any reliance is at the recipient’s own risk. This communication is confidential and intended solely for the recipient. It must not be reproduced or distributed without Vortexa’s prior written consent.
Manage preferences (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LLZO6TlZeYWrE7oBsB67ioaYOWt0oj-25t7ShFjQr-6gShRXCjjaCobD6mtA9UhgdkA=)   Privacy policy (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LKGFaIrPtX6MHnrpC72HIZkxm-QCXKjgrw7uNHv3dqxHF0uXEypM0XNf4jo-8hSlSEo=)  Contact us (https://marketingmail.vortexa.com/ODM3LU1aRS01NzgAAAGkhzv_LAg0DiBiAH-xe3L6jMbTRKTqt_e6ZhTqCLWqDr8jBCMrITc-hGZuZxk4duoBsKChX_A=)

.

Accession

nse/vortexa/2026-09-28/2710

From

Vortexa · analysts@vortexa.com

Sent

28 September 2026 · 13:00 UTC