Recent attacks by Houthi rebels in the Bab al-Mandab Strait and the Red Sea have prompted at least three LNG carriers, including one from the Freeport LNG terminal in Texas, to divert from the Suez Canal, opting for longer routes. While disruptions at the Suez Canal are currently manageable, security concerns have led to increased LNG prices, impacting both the Atlantic and US markets. BP has suspended tankers passing through the Red Sea, contributing to the market shifts. Ongoing constraints at the Panama Canal and potential further restrictions in the new year could compound the effects on global LNG prices. Analysts suggest that while disrupted LNG flows through the Suez Canal might not significantly reduce global LNG supply, it could lead to higher shipping costs for specific routes, particularly exports from Qatar to Europe.