LNG Tankers Divert From Red Sea as Qatar Warns of Escalation
- Qatar rerouted three vessels heading to Europe via Suez Canal
- Russia also avoiding key waterway as Houthi attacks continue
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Liquefied natural gas suppliers, including Qatar and Russia, are avoiding the Red Sea amid heightened risk of attacks by Houthis militants and warnings of escalation from Doha.
The LNG tankers are joining a swath of ships that are taking the much-longer route around Africa instead of the Suez Canal as tension in the Middle East reshapes shipping routes and sends the industry into turmoil. Attacks by the US and its allies on Houthi positions in Yemen in recent days “will create a high risk of further escalation and further expansion,” Qatari Prime Minister Sheikh Mohammed Bin Abdulrahman Al Thani said at the World Economic Forum in Davos.