Qatar pauses gas shipments via Red Sea after US airstrikes

World 13:27 15.01.2024

Qatar paused sending liquefied natural gas tankers through the Bab el-Mandeb Strait after US-led airstrikes on Houthi targets in Yemen raised risks in the vital waterway, Ednews informs via Bloomberg.

At least five LNG vessels operated by Qatar that were heading toward the passage at the southern end of the Red Sea have been halted since Friday, according to ship-tracking data compiled by Bloomberg. A prolonged pause in supplies from Europe’s second-biggest LNG provider raises risks just as wintry weather grips the continent.

Still, it’s unlikely to result in any shortages in the near term. Europe is well stocked and industrial demand remains subdued. European benchmark gas prices declined as much as 3.7% on Monday, and are trading near the lowest level since August.

Three tankers carrying LNG to Europe have paused off the coast of Oman. Two other empty ships heading back to Qatar to reload have halted on the other side of the Bab el-Mandab — one in the Red Sea and the other in the Mediterranean Sea near the Suez Canal.

The Combined Military Forces — encompassing both the US and UK navies — advised merchant shipping to stay away from the danger zone in the southern Red Sea following the airstrikes on the Iran-backed militant group. At least three major oil tanker operators said they would avoid the area.

The Houthis haven’t attacked any vessels carrying gas since they started harrying ships in mid-November, but Qatar’s reluctance to transit the passage highlights the sharp increase in risks following the US-led strikes. The Persian Gulf nation — one of the world’s biggest LNG exporters — had until now been among a handful of gas suppliers continuing to use the Red Sea to send fuel to Europe.

Qatar is the biggest supplier of LNG to Europe after the US and would typically send exports via the waterway, given the alternative is the much longer route around the southern tip of Africa. It accounted for around 13% of Western European consumption last year.

Remembering National Hero Albert Agarunov on Memorial Day - VIDEO

News line

79 years pass since victory of German fascism
00:00 09.05.2024
Global Forum on Antisemitism: Azerbaijan is truly a safe place for all Jews, Gady Gronich says
Global Forum on Antisemitism: Azerbaijan is truly a safe place for all Jews, Gady Gronich says
22:35 08.05.2024
Armenia suspends financing CSTO
21:00 08.05.2024
Horror movie to be made about Jesus’ childhood
20:02 08.05.2024
Israel's team reportedly to stay for further Cairo talks
Israel's team reportedly to stay for further Cairo talks
19:40 08.05.2024
China, Serbia sign agreement of 'shared future'
19:20 08.05.2024
VDL calls for protection against subsidized Chinese EVs
VDL calls for protection against subsidized Chinese EVs
19:00 08.05.2024
Britain says it will expel Russian defence attache
18:45 08.05.2024
'A major turning point': More than 30% of world’s energy now comes from renewables
18:22 08.05.2024
Boeing cargo plane forced to land at Istanbul without front landing gear - VIDEO
Boeing cargo plane forced to land at Istanbul without front landing gear - VIDEO
18:03 08.05.2024
Did Netanyahu Trash Ceasefire Deal Agreed by Hamas to Continue War? - ANALYSIS
17:49 08.05.2024
Tax Evasion Amid War: Economic Struggles in Ukraine
17:33 08.05.2024
US Ramps Up Search for Alternative to Ukraine's Zelensky - Russian Intel Service
17:19 08.05.2024
Passport System Failure Sparks Chaos at UK Airports
Passport System Failure Sparks Chaos at UK Airports
17:08 08.05.2024
Azerbaijan's Peace Initiative at COP29: Insights from Tofig Abbasov
17:00 08.05.2024
Israel should start peace talks with Hamas - White House Spokesman
Israel should start peace talks with Hamas - White House Spokesman
16:46 08.05.2024
Insights into Pashinyan's Moscow Visit: Expert Analysis
16:27 08.05.2024
President Ilham Aliyev invites his Bulgarian counterpart to COP29
16:00 08.05.2024
Foreign Ministries of Azerbaijan, Israel hold consultations
15:45 08.05.2024
First lady of Bulgaria gets acquainted with dishes of Azerbaijani national cuisine
First lady of Bulgaria gets acquainted with dishes of Azerbaijani national cuisine
15:30 08.05.2024
Russian MFA: Trilateral statement remains relevant
15:17 08.05.2024
Kremlin expert: This will lead to the fact that ties between Armenia and Russia will begin to break down - VIDEO
15:00 08.05.2024
Bloomberg: Russians Are Coming to Terms With Putin’s War in Ukraine
14:27 08.05.2024
Rumen Radev: Baku-Sofia regular flights will resume
Rumen Radev: Baku-Sofia regular flights will resume
14:12 08.05.2024
President: The trade turnover between Azerbaijan and Bulgaria has multiplied in recent times
14:00 08.05.2024
Peskov: Putin-Pashinyan meeting expected by both sides
13:47 08.05.2024
Bulgarian president: 'Solidarity Ring' initiative important for energy supply of entire region
13:38 08.05.2024
President Ilham Aliyev: Azerbaijan's gas exports to Bulgaria are increasing year by year
13:22 08.05.2024
Azerbaijan and Bulgaria sign declaration on strengthening strategic partnership
13:07 08.05.2024
First ladies of Azerbaijan, Bulgaria hold meeting
12:31 08.05.2024
President Ilham Aliyev's expanded meeting with President of Bulgaria starts
12:19 08.05.2024
Remembering National Hero Albert Agarunov on Memorial Day - VIDEO
12:00 08.05.2024
PM Ali Asadov meets Chairman of Foreign Relations Committee of Turkish Parliament
PM Ali Asadov meets Chairman of Foreign Relations Committee of Turkish Parliament
11:40 08.05.2024
Azerbaijan to jointly produce weapons with Slovakia
11:24 08.05.2024
Umud Mirzayev Reminisces on Shusha: 'I Witnessed Those Days
11:10 08.05.2024
3rd Tashkent International Investment Forum: A Success Story
11:00 08.05.2024
Elchin Amirbayov and Israel's Foreign Ministry official mull situation in South Caucasus, Middle East
Elchin Amirbayov and Israel's Foreign Ministry official mull situation in South Caucasus, Middle East
10:55 08.05.2024
EU 'has become too ambitious and this is harmful for us', Slovak PM says
10:43 08.05.2024
EU countries to agree on 14th package of sanctions against Russia by July
EU countries to agree on 14th package of sanctions against Russia by July
10:35 08.05.2024
PM Ali Asadov meets Chairman of Foreign Relations Committee of Turkish Parliament
PM Ali Asadov meets Chairman of Foreign Relations Committee of Turkish Parliament
10:30 08.05.2024
Hamısı