Middle East & Africa: Trade
Qatar has so far managed to minimise disruptions to its LNG exports caused by the spat with some of its Gulf neighbours.
The country has boosted its supplies to the spot market, but finding customers in regions other than the MEA in the face of healthy supplies from Australia and the US is no easy feat. Consequently, Qatar has also increased the number of cargoes it sends to countries such as Kuwait to compensate for losing the United Arab Emirates market. The UAE has not imported any Qatari LNG since the dispute began. Kuwait received 10 LNG cargoes from Qatar between June and July compared with six during the same period in 2016. Qatar exported a total of 13.69 mt over the two months, a fall of 3.1% on an annual basis.