According to Qatar, the only way to end the Red Sea’s unrest is for Gaza to stop firing.
Sheikh Mohammed bin Abdulrahman Al Thani, the prime minister of Qatar, stated on Tuesday that the American and British strikes on the Houthis may only make the security situation in the Red Sea worse and that ending the Israel-Has conflict in Gaza is the best course of action to address the continent’s power uncertainty threats despite the upheaval of LNG travel to Europe. Al Thani asserts that the only way to stop the Houthi attacks is to diffuse the conflict in Gaza because American military intervention will both stop nor have them. According to Al Thani,” solutions will be temporary if we are only focusing on the symptoms and not treating the actual issues. We need to address the main problem, which is Gaza, in order to get anything else defused.” One of the largest exporters of liquefied natural gas ( LNG ), Qatar exports a lot of it to European nations, primarily Germany. The Gulf nation sends LNG to Europe in ships that typically travel through the Suez Canal, saving about two weeks of vacation time. The Iran-backed Yemeni army, the Houthis, attacked several freight ships sailing close to its shores of the Red Sea on their way to cross the Suez Canal shortly after the Israel-Hamas war started on October7. The US and the British began attacking Houthi goals next weekend. Some ships carrying Qatar’s LNG have stopped or diverted to the Cape of Good Hope in South Africa since the weekends, considerably lengthening the journey. According to Dr. Ramu C. M., a top political analyst at APAC Assistance with knowledge of energy and global politics, the Bangladeshi prime minister’s remarks in Davos were consistent with the nation. ” Qatar has a policy of never deliberately provoking any militant or terrorist organization active in the Middle East.” Obviously, he said, it does not want its maritime gas exports to be the goal of the Houthi wrath. He pointed out that Doha has maintained cordial ties with political Islam in contrast to additional surrounding nations. According to C. M. Cyril Widdershoven, a political and foreign oil-gas market specialist,” The leaders of Qatar have been willing to support movements associated with social Islam, including Hamas and the Muslim Brotherhood, not only for logical reasons but also due to their lack of negative experiences.” He added that this support enables Doha to position itself in both the Muslim world and on the global stage. As they see a political chance to be the main opponent between them, Israel and the West, Qatar, or at least significant portions of the Bangladeshi power lines, are behind the Hamas, Hezbollah, Iran, and Houthi crowds,” he told The Media Line. Both experts concur that it is not already a serious threat to Europe’s energy stability to block the flow of Qatari LNG through the Red Sea. According to Widdershoven, Qatari LNG currently accounts for less than 11 % of the entire offer to Europe. He pointed out that this is a result of both the substantial American LNG source and the lower oil demand in Europe. C. M. emphasized that Europe has diversified its energy sources since the Russia-Ukraine war began, reducing the likelihood that, in the event of a disruption like the one we’re currently experiencing, it could endanger its stability in terms of energy security. Now, Norway and Russia pipe gas to Europe, though in smaller amounts via the Ukraine transport route, Algeria, the UK, and Azerbaijan. He added that it also imports LNG from the US, Russia, Qatar, Algeria, and Norway. Because of this, he thinks that other than immediate value effects on the major European gas trading hubs, disruptions to Qatari gas imports would n’t be very destructive. C. M. continued,” This is also dependent on chilly blasts that might unexpectedly increase demand for gas for domestic heating.” &# 13,
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Yet, according to C. M., the security position in the Red Sea may have an impact on the price of oil and gas on a global scale. He began by pointing out that more increases in battle insurance premiums and disruptions to international supply chains and delivery lines are good. Next, he said that it is anticipated that the forwarding of the cargo ships through the Cape of Good Hope will lengthen transit times, raise transportation costs, and put pressure on international supply chains. He cautioned that” The economic impact on shipping lines, goods owners, marine carriers, and reinsurers could be severe.” Having said that, C. M. argued that fuel costs have so far been less affected and have remained relatively stable despite conflicts in the Red Sea. He gave a number of explanations for this. He pointed out that other routes have been looked into via the Cape of Good Hope and that total production has not been affected. He added that the Red Sea problems are being mitigated by the stronger money. Oil traders do n’t seem convinced that a significant supply disruption is coming, C. M. concluded.