Vietnam Gas Major Looks to US as Iran War Reorders LPG Flows

PetroVietnam Gas JSC plans to import more liquefied petroleum gas from the US than its traditional Middle East suppliers next month, in the latest sign that the Iran war is reordering global energy flows.

The state-owned gas major will bring in 66,000 tons of the widely-used cooking fuel from the US in May, versus 44,000 tons from the Middle East, where the US-Israeli war against Iran has disrupted production and effectively shut the Strait of Hormuz. This month, PV GAS has so far brought in 76,000 tons of American LPG, a massive jump from 2,200 tons in March, which was the first time the firm bought from the US.