Qatar delays LNG shipments to Europe amid Red Sea conflict
(Reuters) - Qatar, one of the world's biggest LNG exporters, is delaying some shipments to Europe as conflict in the Red Sea forces longer travel times.
Qatar informed some European buyers of delays and rescheduled shipments, the report said, citing traders with knowledge of the matter.
According to the report, the traders said that Qatar is reshuffling global supply to meet contractual obligations, diverting deliveries from elsewhere and swapping for available cargoes near Europe.
As per the report, Qatar has diverted at least six shipments destined for Europe around the Cape of Good Hope in southern Africa since Jan. 15, instead of the shorter route through the Red Sea and the Suez Canal, according to ship-tracking data compiled by Bloomberg.
Qatar has not reduced exports, even though some cargoes are taking longer to reach their destinations, the report said.
Related News
Related News
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vaisala seeks to remove greenwashing from carbon capture with new measurement solution
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Gasum opens Norway’s largest biogas station in Bærum
Comments