Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
QatarEnergy said that attacks in the Red Sea could delay liquefied natural gas (LNG) delivery, but production would not be affected.
In a statement, the massive state-owned company reaffirmed that "Qatar's LNG production continues uninterrupted, and our commitment to ensuring the reliable supply of LNG to our customers remains unwavering".
"While the ongoing developments in the Red Sea area may impact the scheduling of some deliveries as they take alternative routes, LNG shipments from Qatar are being managed with our valued buyers," it stated.
Huthi rebels from Yemen, who Iran supports, started attacking ships in the Red Sea in November. They claimed to be attacking Israeli-affiliated ships that were assisting Palestinians in Gaza, which has been devastated by the Hamas-Israel conflict.
To avoid the conflict, some shipping companies are taking a major detour around southern Africa rather than using the key route between Asia and European markets, which normally carries about 12% of global maritime trade.
Earlier this month, Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said LNG shipments would be affected, like other merchant shipping, by the Huthi strikes and called the crisis in the Red Sea "the most dangerous escalation" in the region because of its impact on global trade. His intervention came amid reports of at least five LNG vessels operated by Qatar stopping en route to the Red Sea.
US and British forces carried out a first wave of strikes against the Iran-backed rebel group earlier this month and followed that with further joint strikes. The Huthis have since declared US and British interests legitimate targets as well.
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