The ongoing Red Sea crisis, sparked by the Israel-Hamas conflict, has disrupted global LNG trade, with no gas ship passing through the Red Sea for four months due to violent attacks. This has led to rising shipping costs, higher commodity prices, and a segmented market where Qatar ships more to Asia and Russia ships more to Europe.
Liquified natural gas and the Red Sea: - No gas ship has passed the waterway for 4 months - Previously, the Red Sea accounted for a tenth of trade - Result? Segmented market: Qatar is shipping more to Asia, Russia more to Europe https://t.co/Ocu8YgayBc https://t.co/GJ0M2UAH5A
It’s been four months since a liquefied natural gas tanker has passed through the narrow strait separating the Arabian Peninsula and Africa, testament to how violent attacks there have upended global energy trade https://t.co/9t18PDD5PN via @a_shiryaevskaya https://t.co/c0R8ibvnGa
Red Sea Disruptions Are Splitting Global LNG Trade Into Regions Carriers haven’t crossed Bab al-Mandab since mid-January Traders are swapping cargoes between regions to avoid costs https://t.co/RPzjlGtEo8
It’s been four months since a liquefied natural gas tanker has passed through the narrow strait separating the Arabian Peninsula and Africa, testament to how violent attacks there have upended global energy trade https://t.co/GD3y7walth via @markets
Red Sea Disruptions Are Splitting Global LNG Trade Into Regions - BBG https://t.co/dhtvJt95Xm
It’s been four months since a liquefied natural gas tanker has passed through the narrow strait separating the Arabian Peninsula and Africa, testament to how violent attacks there have upended global energy trade https://t.co/E2GxfzYsQu
Continuous maritime rerouting in the aftermath of the #RedSeaCrisis in the backdrop of the Israel-Hamas conflict is emerging as an issue for major #trading nations due to the rising shipping costs & higher prices of commodities: @pr1thv https://t.co/Wg66UoiVoJ