Yemen’s Houthis have attacked shipping in the Red Sea and Gulf of Aden since November in what they say is an effort to support Palestinians in the war with Israel.
“Whether you talk about LNG, crude, LPG condensate, it’s exactly the same thing for all these products,” Kaabi said.
“It’s going to add cost, it’s going to add time and it’s also going to add constraint with actual deliveries.”
Sailing from Qatar to Europe via Africa’s Cape of Good Hope could add around nine days to the 18-day voyage.
Kaabi, while noting most of QatarEnergy’s production goes to Asia, said he hoped the Red Sea problem would be resolved with an end to fighting in Gaza.
“I think when that stops, according to what we hear from the Houthis …hopefully there’s a ceasefire soon …so that the economic impact on the entire world stops.”
