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At least eight LNG carriers have redirected to Asia for higher prices since the start of the Middle Eastern conflict. The LNG Port Harcourt-II, owned by TotalEnergies, is headed to Dahej, India, instead of Fos-Cavaou, France.

The BW Brussels has also changed direction towards Asia after initially targeting Montoir-de-Bretagne. Current spot prices are 66€/MWh in Japan and South Korea compared to 62€/MWh in Europe, leading to this shift. The EU may struggle to fill gas reserves for the upcoming winter as geopolitical tensions persist, with stocks projected at only 22-27% by the end of March.