LAUNCESTON, Australia, Jan 16 (Reuters) – The effective closure of the Red Sea to tankers carrying liquefied natural gas (LNG), while a concern, is unlikely to shift prices for the super-chilled fuel because other factors are driving the market. QatarEnergy, the world’s second-biggest LNG shipper, has stopped sending tankers via the Red Sea, a senior source with direct knowledge of the matter told Reuters on Monday, with at least four vessels being held up since the weekend. The halt on traversing the channel that links the Indian Ocean to the Mediterranean Sea via the Suez Canal comes as Yemen’s Iran-aligned Houthi group continues to attack vessels in the key shipping lane. If the Red Sea remains closed for an extended…
Published Date: 2024-01-16
Source: Market Screener
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