A liquefied natural gas (LNG) cargo from Nigeria has been diverted from Europe to Asia after rising Asian gas prices created strong incentives for traders to redirect shipments amid tightening global supply linked to escalating tensions between the United States and Iran, according to Punch News.
Tracking data showed that the LNG tanker BW Brussels, which loaded cargo at the Bonny Island LNG Terminal, initially set course for Europe before changing direction and sailing around the Cape of Good Hope toward Asian markets.
Business Insider Africa said the diversion reflects a widening price gap between Asian and European gas benchmarks as geopolitical tensions and supply disruptions tighten the global LNG market. Asian buyers have been offering higher prices for spot cargoes, making the region more attractive for flexible shipments from Atlantic suppliers such as Nigeria.
The development highlights how geopolitical risks and supply shocks can rapidly reshape global energy trade flows, with LNG cargoes increasingly redirected to the markets offering the strongest price premiums.
