Qatar’s LNG Loss Revives Projects From Argentina to Timor-Leste
With 17% of Qatar’s LNG export capacity disabled and Gulf shipments disrupted, buyers arrived at Gastech looking for gas from somewhere else. Organizers valued the agreements announced or advanced in Bangkok at an estimated $60 billion, including a 20-year U.S. LNG contract and a 35-year production
Source: OilPrice.com
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DW NOTE
Qatar controls a fifth of global LNG exports. When the Strait of Hormuz closed in February, it lost access to Asian buyers who take 60% of its gas. Projects mothballed for a decade—Timor-Leste's Greater Sunrise, Argentina's Vaca Muerta pipeline—are now bankable again because Europe and Japan need molecules from anywhere but the Gulf.