First Qatari LNG Ship Since early 2024 Transits Red Sea

The rare transit follows an incident where a small skiff with seven people fired two shots at an LNG tanker 140 nautical miles southeast of Al Mukalla, Yemen, prompting the vessel's armed security to fire two warning shots. European benchmark Dutch gas futures rose as much as 2%, hitting their highest level since December 2022, as traders weighed these risks against inventories that are 74% full compared to a five year average of 89%.