LNG shipments through the Strait of Hormuz increase, European natural gas edges slightly lower.

There are signs that more LNG carriers are transiting the Strait of Hormuz, and European natural gas prices edged lower. As the cold season approaches, this is expected to ease some supply concerns. Benchmark futures fell as much as 1.6%, though they remained within the range seen for most of the past two weeks. Analysis firm Kpler said the number of LNG carriers passing through the Strait of Hormuz in September was the highest in a single month since the outbreak of the Iran conflict. Pakistan is in talks to ensure the safe passage of two October Qatari cargoes.