The agency writes that EU countries face the risk of being left without gas if the Houthis continue to attack ships in the Red Sea and disrupt one of the important trade routes for energy supplies to Europe. Associated press.
The European Union has not yet recovered from the energy crisis caused by the interruption of LNG supplies from Russia. Europe now relies heavily on natural gas imported by sea to power factories, generate electricity and heat homes. Last year, 12.9% of European LNG passed through the Red Sea from Middle Eastern suppliers.
As the situation in the Red Sea worsens, many shipping and energy companies have diverted their ships to the Suez Canal for security reasons. This caused delivery times to extend and costs to increase.
Some supplies were completely disrupted. Thus, in January, approximately 70 percent of LNG supplies from Qatar to Italy’s main terminal on the Adriatic Sea were canceled.
Before recognizedIt was stated that Egypt’s income from ship fees passing through the Suez Canal dropped by half in January.
Previously reportedIt is stated that the global oil market has become increasingly local due to the conflict in the Red Sea.