GS expects a limited impact of Red Sea on natural gas markets

Goldman Sachs Bank revealed in a note on Monday that it expects the impact of obstructing traffic through the Suez Canal to be limited on liquefied natural gas markets because it will not significantly reduce global supply.

According to Reuters, the bank added, “We point out that, to our knowledge, no interruption in the flow of liquefied natural gas linked to the Suez Canal has been reported at this stage.”

The increasing attacks on ships in the Red Sea affected maritime trade after international shipping companies decided to change the route of their shipments to the Cape of Good Hope to avoid passing through the Suez Canal, which connects the Mediterranean Sea to the Red Sea.