{"id":76108,"date":"2024-01-16T00:00:00","date_gmt":"2024-01-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/16\/qatar-pauses-lng-shipments-through-the-red-sea-as-disruptions-linger\/"},"modified":"2024-01-16T00:00:00","modified_gmt":"2024-01-16T00:00:00","slug":"qatar-pauses-lng-shipments-through-the-red-sea-as-disruptions-linger","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/16\/qatar-pauses-lng-shipments-through-the-red-sea-as-disruptions-linger\/","title":{"rendered":"Qatar pauses LNG shipments through the Red Sea as disruptions linger"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Qatar has halted LNG shipments through the Bab El Mandeb Strait <\/strong><strong>as US-led strikes <\/strong><strong>increased risks<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-15\/qatar-pauses-lng-shipments-via-red-sea-after-us-led-airstrikes\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing ship-tracking data. Some five LNG carriers that were enroute to the passage have paused their journeys. Qatar is Europe\u2019s second largest supplier of natural gas after the US and accounted for 13% of Europe\u2019s consumption last year. Around 209 oil tankers \u2014 or 4% of the world\u2019s oil fleet \u2014 have started rerouting away from the Red Sea over the weekend in the clearest example of disruption to the oil market since Israel\u2019s war on Gaza began, according to <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/4ffvhuh8\" style=\"\" rel=\"noopener\">Asharq Business<\/a>, citing a note from Oil Brokerage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This includes Qatar\u2019s state-owned LNG carrier <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/vHome.aspx\" style=\"\" rel=\"noopener\">QatarEnergy<\/a><\/strong><strong>,<\/strong> which is pausing Red Sea transits pending a security update, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/lng-tankers-held-up-over-weekend-following-us-uk-strikes-houthis-data-2024-01-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. \u201cIt is a pause to get security advice, if passing [through the] Red Sea remains unsafe we will go via the Cape \u2026 It is not a halt of production,\u201d a senior source that the newswire says has direct knowledge of the matter said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>While the Houthi group hasn\u2019t purposely targeted any oil tankers since the onset of attacks in November, Qatar \u2014 the second largest exporter of LNG to Europe \u2014 likely views <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0bcf9c2f-316d-432b-8b50-decc78380161\" style=\"\" rel=\"noopener\">US and UK strikes<\/a> in Yemen as the beginning of graver tensions in the Red Sea. The American and British navies jointly <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-12\/tanker-owner-torm-pauses-all-transits-through-southern-red-sea\" style=\"\" rel=\"noopener\">advised<\/a> merchant vessels to avoid Red Sea transit following their attacks on Houthi positions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yemen\u2019s Houthis targeted a US vessel with an anti-ship<\/strong><strong> ballistic missile,<\/strong> US Central Command (Centcom) <a target=\"_blank\" href=\"https:\/\/twitter.com\/CENTCOM\/status\/1746913313932685597\" style=\"\" rel=\"noopener\">said<\/a> yesterday on X. The missile struck a Marshall-Islands flagged, US operated container vessel dubbed the Gibraltar Eagle, with the ship continuing its journey without reporting injuries to crew or serious damage, Centcom said. The latest attack indicates that the Iranian-backed group seems set to continue its campaign against shipping in the Red Sea despite recent US-led strikes that were intended to fend off such attacks, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uk-marine-monitoring-report-vessel-hit-by-missile-east-yemens-aden-2024-01-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The latest attack came on the heels of another against a US warshi<\/strong><strong>p,<\/strong> whereby the US Navy shot down a cruise missile fired by the Iranian-backed group against an American destroyer operating in the Southern Red Sea, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-says-it-shot-down-anti-ship-cruise-missile-houthi-controlled-areas-2024-01-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Sunday. The projectile was shot down by a US Navy fighter and no damage to life or property resulted from the incident, the newswire said citing Centcom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>South Korea is considering \u201csupport measures\u201d: <\/strong>South Korea is looking into ways to safeguard its cargo vessels in the Red Sea amid increased tension in the area, South Korean news agency <a target=\"_blank\" href=\"https:\/\/en.yna.co.kr\/view\/AEN20240115003600315\" style=\"\" rel=\"noopener\">Yonhap<\/a> reports. \"The defense ministry is making all efforts to ensure Korean vessels' safe shipping in the Red Sea. Various support measures are under consideration, taking into account various factors,\" ministry spokesperson Jeon Ha-kyu said. South Korea, along with nine other countries, issued a statement last month voicing support for precision attacks by the US and the UK against the Houthis. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And recent <\/strong><strong>disruptions in Red Sea shipping have not triggered a shift to air freight <\/strong><strong>for <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.fedex.com\/en-us\/home.html\" style=\"\" rel=\"noopener\">FedEx<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/www.fedex.com\/en-us\/home.html\" style=\"\" rel=\"noopener\">,<\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/fedex-has-not-seen-much-impact-red-sea-disruptions-ceo-says-2024-01-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. \"Shipping over the ocean makes up 90% of global commerce so even a small change would have an impact, but we haven't seen much yet,\" CEO of FedEx Raj Subramaniam said. Houthi-led attacks on container ships transiting the Red Sea have pushed retailers to seek transport alternatives, including air and rail. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Houthis strike US ship, US navy stops missile by Houthi-led group, Warnings to avoid the Red Sea by US persist<\/p>\n","protected":false},"author":1,"featured_media":76109,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[127],"tags":[126,153,123,32,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-disruption-watch","tag-disruption-watch","tag-qatar","tag-shipping-maritime","tag-trade","tag-yemen","wpautop","entry"],"acf":{"mongo_id":"f3211dbb-887b-4e9d-b22a-ef18fa6f55ac","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1013.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"Qatar pauses LNG shipments through the Red Sea as disruptions linger","related_issue":[76103],"teaser":"Houthis strike US ship, US navy stops missile by Houthi-led group, Warnings to avoid the Red Sea by US persist","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.381a37c9-2cf2-47b9-8b4e-69583db1ff16.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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