Goldman Sachs Predicts Limited Impact of Suez Canal Risks on Natural Gas Markets

Goldman Sachs predicted in a memo today, Monday, that the impact of disruptions in traffic through the Suez Canal will be limited on liquefied natural gas markets as it will not significantly reduce global supply. The bank added, "We note that, to our knowledge, no disruptions in the flow of liquefied natural gas related to the Suez Canal have been reported at this stage." The increasing attacks by the Iranian-aligned Houthi group in Yemen on ships in the Red Sea have affected maritime trade after leading global shipping companies decided to reroute their shipments to the Cape of Good Hope to avoid passing through the Suez Canal, which connects the Mediterranean Sea to the Red Sea.