Russia’s LNG Cargoes Bound for China Avoid the Red Sea

Russia has started diverting its LNG cargoes away from the Suez Canal and is using the longer route to China via the Cape of Good Hope in Africa, amid a higher risk of Houthi attacks in the Red Sea, according to LSEG data cited by Reuters on Wednesday.   The longer route from Russia’s Yamal LNG project to China via Africa instead of the Suez Canal adds around 10 days to the travel time for LNG cargoes to reach their destinations in China and return to Russia, tying up more LNG tankers for longer periods at sea.

  This adds…