Over half of LPG cargoes claiming Iraqi origin may actually be Iranian
- About 61% of arrivals to Iraq’s LPG terminals captured through AIS over the past 13 months have likely been simulated
- Findings suggest extra due diligence required for gas carriers of certain characteristics that claim to have loaded LPG in Iraq
- 22 gas carriers suspected of spoofing their location at Iraq’s LPG terminals while they were likely exporting over 1m tonnes of Iranian LPG
LPG carriers’ widespread use of manipulated AIS signals to simulate loadings in Iraq means insurers, flags, and other providers and counterparties may want to conduct extra due diligence on certain gas tankers claiming to have called in Iraq
