Qatar Loses $24 Billion as LNG Exports Collapse 96%
Six months since the Iran war crippled Qatar’s LNG exports via the Strait of Hormuz, the world’s second-largest liquefied natural gas exporter has lost $24 billion in sales as exports tumbled by as much as 96%, Reuters calculations showed on Wednesday. The number of LNG cargoes that Qatar has manage
Source: OilPrice.com
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DW NOTE
Qatar's LNG runs through the Strait of Hormuz. The strait is effectively closed — only three ships transited on August 23 versus the normal 85 per day. The $24 billion loss is not a market fluctuation; it's the arithmetic of a supply route that no longer functions.