With geopolitical tensions in the Middle East continuing to make the Suez Canal a risky crossing, almost 20% of all U.S. LNG exports have taken the longer route around southern Africa so far this year, according to data from Kpler. After conflict in Israel and Gaza sparked off in October, the threat of rocket attacks…
Tag / Cape of Good Hope
SubscribeCape of Good Hope
Articles from Cape of Good Hope
LNG Ships Still Avoiding Red Sea, but Market Said Insulated from Diversions
LNG ships are still avoiding transit in the Red Sea via the Bab el-Mandeb Strait to Europe or Asia and instead diverting around Africa’s Cape of Good Hope to avoid attacks from Yemen-based Houthis militants. However, global liquefied natural gas buyers have yet to show signs that added shipping costs and delivery delays are impacting…
February 7, 2024
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
