Russia is diverting China-bound cargoes of liquefied natural gas (LNG) on a longer route via the Cape of Good Hope due to the heightened risk of attacks by Yemen’s Iran-aligned Houthi group, LSEG data showed.
Global fuel producers, including Russia, were forced to change the way they deliver to Asia and go around Africa to avoid Houthi attacks in the Red Sea despite the Suez canal being the shortest route between Asia and Europe.
