Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz
Published . Updated .
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Sub-Saharan Africa’s LNG exports could surge 175% by 2034, driven by major projects in Mozambique, Nigeria, Senegal and Mauritania.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-16.0% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story.
- AFK VanEck Africa Index ETF
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“africa”).
- LNG Cheniere Energy+13.7% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- EQT Eqt+7.8% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- KMI Kinder Morgan
Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNG | -1.02% | -2.91% | base | after close | after close | after close | after close |
| XLE | +8.14% | +5.85% | base | after close | after close | after close | after close |
| USO | +15.71% | +7.84% | base | after close | after close | after close | after close |
| BWET | +32.30% | +28.62% | base | after close | after close | after close | after close |
| AFK | -0.61% | -3.08% | base | after close | after close | after close | after close |
| LNG | +9.22% | +6.72% | base | after close | after close | after close | after close |
| EQT | +3.85% | +4.42% | base | after close | after close | after close | after close |
| KMI | +7.75% | +3.81% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz Crude Oil Prices Today | OilPrice.com
How United States Natural Gas Fund (UNG) moved across the last 14 energy stories
Across 14 earlier stories, United States Natural Gas Fund (UNG) the next day averaged -4.67%. The largest gain was -4.67% and the largest drop was -4.67%, from 1 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Natural Gas Fund (UNG) | the next day | -4.67% | -4.67% | -4.67% | 1 |
| United States Natural Gas Fund (UNG) | three days later | -6.49% | -6.49% | -6.49% | 1 |
| Select Sector Spdr Tr (XLE) | the next day | +1.05% | +3.24% | -1.69% | 14 |
| Select Sector Spdr Tr (XLE) | three days later | -1.05% | +2.27% | -2.57% | 12 |
| United States Oil Fund (USO) | the next day | +1.94% | +3.26% | +0.26% | 14 |
| United States Oil Fund (USO) | three days later | -3.10% | +6.12% | -5.11% | 13 |
| Amplify Commodity Trust (BWET) | the next day | +4.04% | +4.46% | +0.48% | 12 |
| Amplify Commodity Trust (BWET) | three days later | -0.25% | +4.59% | -6.70% | 12 |
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- Iran Sanctions Sinokor Vessels Over Hormuz Transit Dominance From November
- CHARTED: Oil Trade Through the Strait of Hormuz by Country – Visual Capitalist
- Adnoc Tells Clients New Hormuz Bypass Pipe to Start Early 2027
- Equinor Sees Tight Winter LNG Market as Hormuz Flows Remain Limited
- Iran threatens South Korean shipping group over Hormuz transits
United States Natural Gas Fund (UNG) since “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz,” compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Vaneck Etf Trust (AFK) | three days earlier | -3.08% | final price |
| Vaneck Etf Trust (AFK) | five days earlier | -0.61% | final price |
| Amplify Commodity Trust (BWET) | three days earlier | +28.62% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +32.30% | final price |
| Eqt (EQT) | three days earlier | +4.42% | final price |
| Eqt (EQT) | five days earlier | +3.85% | final price |
| Kinder Morgan (KMI) | three days earlier | +3.81% | final price |
| Kinder Morgan (KMI) | five days earlier | +7.75% | final price |
| Cheniere Energy (LNG) | three days earlier | +6.72% | final price |
| Cheniere Energy (LNG) | five days earlier | +9.22% | final price |
| United States Natural Gas Fund (UNG) | three days earlier | -2.91% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -1.02% | final price |
| United States Oil Fund (USO) | three days earlier | +7.84% | final price |
| United States Oil Fund (USO) | five days earlier | +15.71% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +5.85% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +8.14% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 70 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Eqt (EQT), worth $1,001 - $15,000 on 17 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 83 days before publication. Filed 14 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Strait of Hormuz on the map for this story
Geopolitics Alpha has 198 stories about Strait of Hormuz from the past 7 days and 515 stories from the past 30. That is faster than its usual pace over the past month. “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz” is tagged to Strait of Hormuz.
United States Natural Gas Fund (UNG) on one side of this energy story
Companies carried with this story
- UNG United States Natural Gas Fund
In “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz.” Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- USO United States Oil Fund
For “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story
- AFK Vaneck Etf Trust
In “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz,” Vaneck Etf Trust (AFK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“africa”)
- LNG Cheniere Energy
For “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
- EQT Eqt
For “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
- KMI Kinder Morgan
In “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz,” Kinder Morgan (KMI) is linked, with no stored direction, medium confidence. Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
How “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz” reaches United States Natural Gas Fund (UNG)
On 5 Nov 2026, “Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz” is the story that connects United States Natural Gas Fund (UNG) to Strait of Hormuz.
The link for United States Natural Gas Fund (UNG) is this: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
Price levels for United States Natural Gas Fund (UNG)
UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.12. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
What the saved facts support for United States Natural Gas Fund (UNG)
46 out of 100
“Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.