https://arab.news/5r4ca
RAS LAFFAN: Disruption to shipping in the Red Sea region will impact QatarEnergy鈥檚 deliveries of liquefied natural gas but not its production, CEO Saad al-Kaabi said on Monday.
鈥淚t鈥檚 only going to take longer to get it there. But it will not reach a point where we have to stop production because there isn鈥檛 any ship. We鈥檙e okay,鈥� Kaabi said at a groundbreaking ceremony at the Ras Laffan petrochemical complex.
Kaabi added that ships having to divert away from the Red Sea and travel around Africa instead was not ideal as this added cost and took longer.
One of the world鈥檚 largest exporters of LNG, QatarEnergy said in January that it had stopped sailing via the Red Sea citing security concerns.
Yemen鈥檚 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.
鈥淲hether you talk about LNG, crude, LPG condensate, it鈥檚 exactly the same thing for all these products,鈥� Kaabi said.
鈥淚t鈥檚 going to add cost, it鈥檚 going to add time and it鈥檚 also going to add constraint with actual deliveries.鈥�
Sailing from Qatar to Europe via Africa鈥檚 Cape of Good Hope could add around nine days to the 18-day voyage.
Kaabi, while noting most of QatarEnergy鈥檚 production goes to Asia, said he hoped the Red Sea problem would be resolved with an end to fighting in Gaza.
鈥淚 think when that stops, according to what we hear from the Houthis 鈥opefully there鈥檚 a ceasefire soon ...so that the economic impact on the entire world stops.鈥�