Global LNG fleet avoiding Red Sea with more tankers diverted | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
Global LNG fleet avoiding Red Sea with more tankers diverted

Global Economy

Bloomberg
18 January, 2024, 11:10 am
Last modified: 18 January, 2024, 12:31 pm

Related News

  • Govt approves purchase of additional LNG cargo from spot market
  • Govt to procure one cargo LNG, 30,000 tonnes fertiliser
  • Govt to procure 1 cargo LNG, 1,05,000 MTs fertiliser
  • Ctg businesses, households suffer gas crisis as LNG supply disrupted by rough weather
  • Govt to procure 1 cargo LNG, 30,000 MTs fertiliser

Global LNG fleet avoiding Red Sea with more tankers diverted

Qatar is the biggest user of the Red Sea and Suez Canal for the LNG trade

Bloomberg
18 January, 2024, 11:10 am
Last modified: 18 January, 2024, 12:31 pm
 A liquid natural gas (LNG) tanker ship being loaded up at Raslaffans Sea Port, northern Qatar. Photo: Bloomberg
A liquid natural gas (LNG) tanker ship being loaded up at Raslaffans Sea Port, northern Qatar. Photo: Bloomberg

The global LNG tanker fleets appear to have stopped using the Red Sea and Suez Canal, as continued Houthi attacks on ships reroute flows of the power-station and heating fuel.

Two empty ships controlled by Qatar have turned away from the northern entrance of the Suez Canal in the Mediterranean Sea in the last day, according to ship-tracking data compiled by Bloomberg. A third Qatari vessel, which was also heading to the canal, reversed course off the coast of Morocco. The tankers will likely head to the Persian Gulf state via the longer route around Africa.

Qatar is the biggest user of the Red Sea and Suez Canal for the LNG trade. Other suppliers, including those in Russia and the US, have also stopped using the waterway, and ship-tracking data doesn't currently show any vessels heading to the area.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The Houthis have stepped up attacks on commercial ships after a US-led coalition carried out airstrikes on Friday. The Iranian-backed militants have struck two commodity carriers with missiles since Monday, although both were able to continue their voyages.

Earlier this week, Qatar — one of the world's top LNG exporters and the second-biggest supplier to Europe — diverted three full gas tankers away from the Red Sea, and rerouted the ships to Europe via the Cape of Good Hope in southern Africa, according to ship data. Tankers carrying Qatari and Russian LNG had been traversing the Red Sea until the conflict escalated late last week.

While the longer LNG journeys will tie up tankers and boost freight costs, they're not expected to lead to shortages in Europe, given high stockpiles and subdued industrial demand there. Moving the super-chilled fuel from Qatar to the UK via southern Africa takes about 27 days, compared with 18 through the Suez Canal, according to ICIS.

 

Top News / World+Biz

LNG / Red Sea

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Representational image. Photo: Collected
    Tariff issue: Bangladesh, US set for crucial virtual meeting on 29 July - not tommorow
  • Milestone tragedy: CID confirms identities of 5 victims using DNA samples
    Milestone tragedy: CID confirms identities of 5 victims using DNA samples
  • Rescue workers carry out operations at Milestone School and College following the BAF fighter jet crash on 21 July 2025. Photo: Mehedi Hasan
    Most victims in Milestone crash are students under 15

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
    BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 

Related News

  • Govt approves purchase of additional LNG cargo from spot market
  • Govt to procure one cargo LNG, 30,000 tonnes fertiliser
  • Govt to procure 1 cargo LNG, 1,05,000 MTs fertiliser
  • Ctg businesses, households suffer gas crisis as LNG supply disrupted by rough weather
  • Govt to procure 1 cargo LNG, 30,000 MTs fertiliser

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

18h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

2d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

Jamaat Ameer's statement misleading: Chatra Dal general secretary

Jamaat Ameer's statement misleading: Chatra Dal general secretary

14m | TBS Today
Dollar gets upward push as BB buys $10m more in auction at even higher rate

Dollar gets upward push as BB buys $10m more in auction at even higher rate

1h | TBS Insight
Why is Korniya called the Jamdani Sari girl?

Why is Korniya called the Jamdani Sari girl?

Now | TBS Programs
'Brahmanbaria has always been deprived because it fought against fascism'

'Brahmanbaria has always been deprived because it fought against fascism'

2h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net