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Vietnam Gas Buyer Shifts to US as Iran Conflict Disrupts LPG Supply

Bloomberg Markets •
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Vietnam's state-owned gas importer is pivoting to American supplies as Middle East tensions disrupt traditional energy routes. PetroVietnam Gas JSC plans to import more liquefied petroleum gas from the United States than from its usual Middle East suppliers next month, according to trade sources cited by Bloomberg.

The shift reflects how the ongoing Iran conflict is reshaping global energy trade flows. Iranian LPG exports have faced increasing disruption from international sanctions and regional instability, prompting buyers across Asia to diversify their supply sources. The US, boosted by its shale production boom, has emerged as an increasingly competitive alternative to traditional Middle Eastern suppliers.

This move signals a broader realignment in the global LPG market. Vietnam's decision to favor US cargoes over traditional Middle East suppliers highlights how geopolitical conflicts are accelerating energy trade diversification across the Asia-Pacific region.