Qatari LNG Diversions Shock EU Traders as Crisis Intensifies
- Two LNG cargoes that diverted route seen taking longer route
- EU is well-supplied with Russian gas, U.S. LNG import may rise
Abu Dhabi Said to Ease Qatari Vessel Ban
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European energy markets started to feel the impact of the escalating diplomatic row in the Middle East after natural gas prices soared when tankers full of Qatari fuel abruptly changed course.
Two ships bound toward Europe veered course Thursday, taking them away from the Red Sea and Suez Canal, the transit route for gas into the Mediterranean Sea and a point of focus amid the Qatari crisis. The vessels may be sailing around Africa to Europe to avoid the Suez Canal, according to Paris-based cargo-tracking company Kpler SAS.