Tankers carrying American liquefied gas are altering their routes and heading to European ports instead of their originally planned destinations. This shift is driven by the high gas prices in Europe.
This information was reported by RBK-Ukraine citing Financial Times.
According to Financial Times, at least seven American tankers, which were initially scheduled to go to Africa, Asia, and Colombia, have changed their courses and are now en route to European ports.
Market analyst for LNG at ICIS, Alex Froley, noted that some vessels "have made quite sharp turns" in their direction.
"It is unusual to see so many course changes and such obvious turns," he explained.
Gas prices in the European market have risen, allowing traders to gain additional profits and encouraging supplies to Europe.
At the same time, it is important to mention that Russia halted the flow of gas through Ukraine at the beginning of the month. This occurred after Kiev stopped the transit of Russian gas to the EU and Moldova.
These actions have led Europe to actively search for new sources of energy supply.